Devide
verb
Obsolete form of divide.
this post was submitted on 15 Jan 2025
964 points (98.3% liked)
Memes
46492 readers
578 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Stop letting them borrow against it.
No, no, no. Just like a tax on unrealized gains is a bad idea because of how much it would royally fuck up the stock market, including every 401(k). What they need to do instead is tax the ways used by the extremely wealthy to utilize their gains without technically realizing them, even if that sometimes means taxing debt (aka treating it as income when they borrow against it and taxing accordingly).
Yes, changing the status quo is going to require some sacrifice. But we have more to gain by seizing their wealth than we do by protecting our crumbs.