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On February 10 2026 01:09 oBlade wrote:Show nested quote +On February 09 2026 18:59 Gorsameth wrote:
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.
Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.
Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.
"Tax stocks" If you tax unrealized gains of publicly traded companies, you disincentivize companies to go public. You disincentivize investment and creation of such companies. You then keep the low and middle class out of the stock market which is one of the key ways to build wealth and build a retirement. Try to look past first order effects towards unintended consequences. That leaves private companies. Meanwhile the lower/lower middle class are already out of those because they can't get past the accredited investor rule. If you want to eliminate that you could theoretically democratize access to hedge funds and venture capital, but you would also democratize people blowing up their net worths. Now if you want to tax unrealized gains of privately traded companies (also), your issue is how to value the holdings to begin with before you can value the taxes. So just try public first because at least there we have publicly available stock quotes. In 7 years of taxing a 1 billion stock holding at 10% annually, you have reduced it to under $500 million. But by forcing the person to sell in order to pay taxes on it, you also drive supply up and therefore price down, making it worth even less. Essentially if you taxed unrealized gains at all, let alone more than inflation, you blew up financial markets. If you tax the unrealized gains of investment, you broadly discourage certain kinds of investing, when investing is the only reason that kind of value exists in markets to begin with. So make this tax per holding in each individual company, and not total overall wealth? Then Mr. Shiny Top Hat simply diversifies and stays wealthy, while not taking any of the risks that create new opportunities and huge new innovation, because it doesn't behoove him to. It doesn't pay. But we taxed him right? Maybe the government can do something useful with the money. They're good stewards of tax dollars, right.  Except the government doesn't have to actually get a return. The government can just lose money with no consequences to itself. They can spend money on things that don't work, and even things that will never work. They can overpay for everything. They can spend money to do nothing. Investors don't have the luxury of such irresponsibility. When you have massive stock in a billions of dollars company you made, you are not "hoarding," you're keeping control of the thing you made yourself. Making them give up their stake would not make everyone else rich. It would turn capitalism into why-botherism, It would make every large company have no leadership, and have the same vague directionless goals that plague modern governments by making everyone an equal partner in the company. We already have the equal partner system, it's democracy. Government and economic systems should be parallel but not mirror each other. In democracy one human votes, in capitalism one dollar votes. We don't need capitalism to also be one person one vote because it and democracy are nested within each other. The key misunderstanding you have is thinking capitalism is a zero-sum competition. It's not. It's cooperation. That's why people at the bottom of Africa and India have shitty lives despite that their 1% isn't so strong or hasn't gathered as much wealth. Like "hoarding" I just can't get over this. Control of companies is not mercantilism. There's no hoarding. You know what companies people didn't "hoard?" Enron. Sears. Radioshack. You cannot hoard something which has theoretically unlimited supply, which is stock in publicly traded companies, which is at some base level ultimately connected with how productive markets are and how much capital is moving through them. Literally make your own company. It's like saying someone else is hoarding their house. It's their house. Speaking of which, unlike value in public companies, property (real estate, land) is actually fixed and limited. That would be the thing to tax to discourage the hoarding of.
Thats exactly what they are going to do in the netherlands. Taxing unrealised gains on publicly traded companys.
You invest 1 million and you are lucky,your investment doubles and next year its worth 2 million. You must now pay 360k (36% of the profit)taxes. If you dont have the cash you have to sell some shares.
You keep your investment and next year it goes back to your purchase price. You file a loss and you will get tax credits worth 360k which last for x years (they are not indefinite).These credits are only good for this specific tax you cant use them to pay less of a different tax.
You are tired with investing after this rollercoaster and you decide to sell and never invest again.You realized zero return on your investment yet you are down 360k in taxes. In exchange you got 360k tax credit which you will never cash in because you quit investing. You started with 1 million and now you have 640k. The stock you where invested in didnt change over the 2 years you where invested.
The goverment is going to rake in so much money with this tax. People who quit investing will never cash in on their tax credits from the last bad year in the market. At least that is as far as i understand the tax plan,might be wrong though.
Its indeed going to price the lower and middle income out of investing while larger partys have plenty of options to avoid or delay taxes.
The tax is understandable,people who make money shoving stocks and options dont add anything to the economy. Contrary to someone who does work and pays taxes over his income. But the way its beeing implemented is horrible.
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Just came across this horiffic story:
https://www.theguardian.com/us-news/2026/feb/09/irish-man-seamus-culleton-ice-detention
Irish guy, business owner from Boston, married to an American citizen was detained by ICE, they forged his signature trying to make it out that he agreed to deportation, he's been in 3 different facilities and so far 5 months in custody. Never committed a crime, business owner.
After a video call with her husband on Sunday night – their first in five months – Smyth told Culleton’s family in Ireland he had lost weight and hair and had sores and infections. “There’s no hygiene there. He’s been asking for antibiotics for the last four weeks,” his sister, Caroline Culleton, told RTÉ. The detainees were seldom allowed out for exercise or air, she said.
And this is just one guy, just vile behavior, spending money to detain and basically torture a guy doing everything right.
Super fun that a political movement who loves to tout issues with "big government" and freedom from oppression cheers this insanity on.
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On February 10 2026 07:40 pmh wrote:Show nested quote +On February 10 2026 01:09 oBlade wrote:On February 09 2026 18:59 Gorsameth wrote:
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.
Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.
Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.
"Tax stocks" If you tax unrealized gains of publicly traded companies, you disincentivize companies to go public. You disincentivize investment and creation of such companies. You then keep the low and middle class out of the stock market which is one of the key ways to build wealth and build a retirement. Try to look past first order effects towards unintended consequences. That leaves private companies. Meanwhile the lower/lower middle class are already out of those because they can't get past the accredited investor rule. If you want to eliminate that you could theoretically democratize access to hedge funds and venture capital, but you would also democratize people blowing up their net worths. Now if you want to tax unrealized gains of privately traded companies (also), your issue is how to value the holdings to begin with before you can value the taxes. So just try public first because at least there we have publicly available stock quotes. In 7 years of taxing a 1 billion stock holding at 10% annually, you have reduced it to under $500 million. But by forcing the person to sell in order to pay taxes on it, you also drive supply up and therefore price down, making it worth even less. Essentially if you taxed unrealized gains at all, let alone more than inflation, you blew up financial markets. If you tax the unrealized gains of investment, you broadly discourage certain kinds of investing, when investing is the only reason that kind of value exists in markets to begin with. So make this tax per holding in each individual company, and not total overall wealth? Then Mr. Shiny Top Hat simply diversifies and stays wealthy, while not taking any of the risks that create new opportunities and huge new innovation, because it doesn't behoove him to. It doesn't pay. But we taxed him right? Maybe the government can do something useful with the money. They're good stewards of tax dollars, right. Except the government doesn't have to actually get a return. The government can just lose money with no consequences to itself. They can spend money on things that don't work, and even things that will never work. They can overpay for everything. They can spend money to do nothing. Investors don't have the luxury of such irresponsibility. When you have massive stock in a billions of dollars company you made, you are not "hoarding," you're keeping control of the thing you made yourself. Making them give up their stake would not make everyone else rich. It would turn capitalism into why-botherism, It would make every large company have no leadership, and have the same vague directionless goals that plague modern governments by making everyone an equal partner in the company. We already have the equal partner system, it's democracy. Government and economic systems should be parallel but not mirror each other. In democracy one human votes, in capitalism one dollar votes. We don't need capitalism to also be one person one vote because it and democracy are nested within each other. The key misunderstanding you have is thinking capitalism is a zero-sum competition. It's not. It's cooperation. That's why people at the bottom of Africa and India have shitty lives despite that their 1% isn't so strong or hasn't gathered as much wealth. Like "hoarding" I just can't get over this. Control of companies is not mercantilism. There's no hoarding. You know what companies people didn't "hoard?" Enron. Sears. Radioshack. You cannot hoard something which has theoretically unlimited supply, which is stock in publicly traded companies, which is at some base level ultimately connected with how productive markets are and how much capital is moving through them. Literally make your own company. It's like saying someone else is hoarding their house. It's their house. Speaking of which, unlike value in public companies, property (real estate, land) is actually fixed and limited. That would be the thing to tax to discourage the hoarding of. Thats exactly what they are going to do in the netherlands. Taxing unrealised gains on publicly traded companys. You invest 1 million and you are lucky,your investment doubles and next year its worth 2 million. You must now pay 360k (36% of the profit) of taxes. If you dont have the cash you have to sell some shares. You keep your investment and next year it goes back to your purchase price. You file a loss and you will get tax credits worth 360k which last for x years (they are not indefinite).These credits are only good for this specific tax you cant use them to pay less of a different tax. You are tired with investing after this rollercoaster and you decide to sell and never invest again.You realized zero return on your investment yet you are down 360k in taxes. In exchange you got 360k tax credit which you will never cash in because you quit investing. You started with 1 million and now you have 640k. The stock you where invested in didnt change over the 2 years you where invested. The goverment is going to rake in so much money with this tax. People who die or quit investing will never cash in on their tax credits from the last bad year in the market. At least that is as far as i understand the tax plan,might be wrong though. Its indeed going to price the lower and middle income out of investing while larger partys have plenty of options to avoid or delay taxes. The tax is understandable,people who make money shoving stocks and options dont add anything to the economy. Contrary to someone who does work and pays taxes over his income. But the way its beeing implemented is horrible.
My opinion, if they made a maximum amount of credits transferrable to personal income tax per year, say 50-100k, that works out pretty well for someone making a good amount of money, but is almost meaningless to someone making a gigantic amount of money from stocks/unrealized gains.
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On February 10 2026 07:40 pmh wrote:Show nested quote +On February 10 2026 01:09 oBlade wrote:On February 09 2026 18:59 Gorsameth wrote:
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.
Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.
Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.
"Tax stocks" If you tax unrealized gains of publicly traded companies, you disincentivize companies to go public. You disincentivize investment and creation of such companies. You then keep the low and middle class out of the stock market which is one of the key ways to build wealth and build a retirement. Try to look past first order effects towards unintended consequences. That leaves private companies. Meanwhile the lower/lower middle class are already out of those because they can't get past the accredited investor rule. If you want to eliminate that you could theoretically democratize access to hedge funds and venture capital, but you would also democratize people blowing up their net worths. Now if you want to tax unrealized gains of privately traded companies (also), your issue is how to value the holdings to begin with before you can value the taxes. So just try public first because at least there we have publicly available stock quotes. In 7 years of taxing a 1 billion stock holding at 10% annually, you have reduced it to under $500 million. But by forcing the person to sell in order to pay taxes on it, you also drive supply up and therefore price down, making it worth even less. Essentially if you taxed unrealized gains at all, let alone more than inflation, you blew up financial markets. If you tax the unrealized gains of investment, you broadly discourage certain kinds of investing, when investing is the only reason that kind of value exists in markets to begin with. So make this tax per holding in each individual company, and not total overall wealth? Then Mr. Shiny Top Hat simply diversifies and stays wealthy, while not taking any of the risks that create new opportunities and huge new innovation, because it doesn't behoove him to. It doesn't pay. But we taxed him right? Maybe the government can do something useful with the money. They're good stewards of tax dollars, right. Except the government doesn't have to actually get a return. The government can just lose money with no consequences to itself. They can spend money on things that don't work, and even things that will never work. They can overpay for everything. They can spend money to do nothing. Investors don't have the luxury of such irresponsibility. When you have massive stock in a billions of dollars company you made, you are not "hoarding," you're keeping control of the thing you made yourself. Making them give up their stake would not make everyone else rich. It would turn capitalism into why-botherism, It would make every large company have no leadership, and have the same vague directionless goals that plague modern governments by making everyone an equal partner in the company. We already have the equal partner system, it's democracy. Government and economic systems should be parallel but not mirror each other. In democracy one human votes, in capitalism one dollar votes. We don't need capitalism to also be one person one vote because it and democracy are nested within each other. The key misunderstanding you have is thinking capitalism is a zero-sum competition. It's not. It's cooperation. That's why people at the bottom of Africa and India have shitty lives despite that their 1% isn't so strong or hasn't gathered as much wealth. Like "hoarding" I just can't get over this. Control of companies is not mercantilism. There's no hoarding. You know what companies people didn't "hoard?" Enron. Sears. Radioshack. You cannot hoard something which has theoretically unlimited supply, which is stock in publicly traded companies, which is at some base level ultimately connected with how productive markets are and how much capital is moving through them. Literally make your own company. It's like saying someone else is hoarding their house. It's their house. Speaking of which, unlike value in public companies, property (real estate, land) is actually fixed and limited. That would be the thing to tax to discourage the hoarding of. Thats exactly what they are going to do in the netherlands. Taxing unrealised gains on publicly traded companys. You invest 1 million and you are lucky,your investment doubles and next year its worth 2 million. You must now pay 360k (36% of the profit) of taxes. If you dont have the cash you have to sell some shares. You keep your investment and next year it goes back to your purchase price. You file a loss and you will get tax credits worth 360k which last for x years (they are not indefinite).These credits are only good for this specific tax you cant use them to pay less of a different tax. You are tired with investing after this rollercoaster and you decide to sell and never invest again.You realized zero return on your investment yet you are down 360k in taxes. In exchange you got 360k tax credit which you will never cash in because you quit investing. You started with 1 million and now you have 640k. The stock you where invested in didnt change over the 2 years you where invested. The goverment is going to rake in so much money with this tax. People who die or quit investing will never cash in on their tax credits from the last bad year in the market. At least that is as far as i understand the tax plan,might be wrong though. Its indeed going to price the lower and middle income out of investing while larger partys have plenty of options to avoid or delay taxes. The tax is understandable,people who make money shoving stocks and options dont add anything to the economy. Contrary to someone who does work and pays taxes over his income. But the way its beeing implemented is horrible.
Sounds pretty reasonable. Add in an exemption for the first few dozen k, and exempt the primary residence (up to a few hundred k). Otherwise I have absolutely no issue with it. Pretty hard to do for private companies without reliable appraisals, though.
That said, the current Dutch system is probably much simpler. It taxes wealth based on an expectation that you make 2% (I think?) annually. If you make less then tough luck (does mean the subsequent year you have lower wealth expected to calculate the 2% over. The fixed rate is a bit dumb, just make the expected returns float (I'm sure some economists can think of an aggregation that makes sense and isn't a static fixed value), and add exemptions for some amount of wealth that means only the very upper echelons of the middle class (and all the upper class) need to worry about it at all.
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On February 10 2026 07:40 pmh wrote:Show nested quote +On February 10 2026 01:09 oBlade wrote:On February 09 2026 18:59 Gorsameth wrote:
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.
Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.
Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.
"Tax stocks" If you tax unrealized gains of publicly traded companies, you disincentivize companies to go public. You disincentivize investment and creation of such companies. You then keep the low and middle class out of the stock market which is one of the key ways to build wealth and build a retirement. Try to look past first order effects towards unintended consequences. That leaves private companies. Meanwhile the lower/lower middle class are already out of those because they can't get past the accredited investor rule. If you want to eliminate that you could theoretically democratize access to hedge funds and venture capital, but you would also democratize people blowing up their net worths. Now if you want to tax unrealized gains of privately traded companies (also), your issue is how to value the holdings to begin with before you can value the taxes. So just try public first because at least there we have publicly available stock quotes. In 7 years of taxing a 1 billion stock holding at 10% annually, you have reduced it to under $500 million. But by forcing the person to sell in order to pay taxes on it, you also drive supply up and therefore price down, making it worth even less. Essentially if you taxed unrealized gains at all, let alone more than inflation, you blew up financial markets. If you tax the unrealized gains of investment, you broadly discourage certain kinds of investing, when investing is the only reason that kind of value exists in markets to begin with. So make this tax per holding in each individual company, and not total overall wealth? Then Mr. Shiny Top Hat simply diversifies and stays wealthy, while not taking any of the risks that create new opportunities and huge new innovation, because it doesn't behoove him to. It doesn't pay. But we taxed him right? Maybe the government can do something useful with the money. They're good stewards of tax dollars, right. Except the government doesn't have to actually get a return. The government can just lose money with no consequences to itself. They can spend money on things that don't work, and even things that will never work. They can overpay for everything. They can spend money to do nothing. Investors don't have the luxury of such irresponsibility. When you have massive stock in a billions of dollars company you made, you are not "hoarding," you're keeping control of the thing you made yourself. Making them give up their stake would not make everyone else rich. It would turn capitalism into why-botherism, It would make every large company have no leadership, and have the same vague directionless goals that plague modern governments by making everyone an equal partner in the company. We already have the equal partner system, it's democracy. Government and economic systems should be parallel but not mirror each other. In democracy one human votes, in capitalism one dollar votes. We don't need capitalism to also be one person one vote because it and democracy are nested within each other. The key misunderstanding you have is thinking capitalism is a zero-sum competition. It's not. It's cooperation. That's why people at the bottom of Africa and India have shitty lives despite that their 1% isn't so strong or hasn't gathered as much wealth. Like "hoarding" I just can't get over this. Control of companies is not mercantilism. There's no hoarding. You know what companies people didn't "hoard?" Enron. Sears. Radioshack. You cannot hoard something which has theoretically unlimited supply, which is stock in publicly traded companies, which is at some base level ultimately connected with how productive markets are and how much capital is moving through them. Literally make your own company. It's like saying someone else is hoarding their house. It's their house. Speaking of which, unlike value in public companies, property (real estate, land) is actually fixed and limited. That would be the thing to tax to discourage the hoarding of. Thats exactly what they are going to do in the netherlands. Taxing unrealised gains on publicly traded companys. You invest 1 million and you are lucky,your investment doubles and next year its worth 2 million. You must now pay 360k (36% of the profit) of taxes. If you dont have the cash you have to sell some shares. You keep your investment and next year it goes back to your purchase price. You file a loss and you will get tax credits worth 360k which last for x years (they are not indefinite).These credits are only good for this specific tax you cant use them to pay less of a different tax. You are tired with investing after this rollercoaster and you decide to sell and never invest again.You realized zero return on your investment yet you are down 360k in taxes. In exchange you got 360k tax credit which you will never cash in because you quit investing. You started with 1 million and now you have 640k. The stock you where invested in didnt change over the 2 years you where invested. The goverment is going to rake in so much money with this tax. People who die or quit investing will never cash in on their tax credits from the last bad year in the market. At least that is as far as i understand the tax plan,might be wrong though. Its indeed going to price the lower and middle income out of investing while larger partys have plenty of options to avoid or delay taxes. Th e tax is understandable,people who make money shoving stocks and options dont add anything to the economy. Contrary to someone who does work and pays taxes over his income. But the way its beeing implemented is horrible.
Don't they? Between a person with a billion dollars in gold, and a person with a billion dollars invested in domestic or local businesses, I'd much prefer the latter, and assume the economy would also.
Granted, local and domestic businesses is a pretty big ask.
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United States43559 Posts
On February 10 2026 07:40 pmh wrote:Show nested quote +On February 10 2026 01:09 oBlade wrote:On February 09 2026 18:59 Gorsameth wrote:
You dont need to end the dollar or capitalism, the problem is wealth inequality. The higher % wealth you gather at the top the shittier life becomes for everyone below.
Close loopholes and increase taxes on high earners. Tax wealth, including stocks, to discourage hording. Cap salary, including bonuses and stocks to a multiplicative of minimal pay to avoid ceos making 10000x more the a floor worker.
Fixing wealth inequality would gona very long way to fixing most issues with modern capitalist society.
"Tax stocks" If you tax unrealized gains of publicly traded companies, you disincentivize companies to go public. You disincentivize investment and creation of such companies. You then keep the low and middle class out of the stock market which is one of the key ways to build wealth and build a retirement. Try to look past first order effects towards unintended consequences. That leaves private companies. Meanwhile the lower/lower middle class are already out of those because they can't get past the accredited investor rule. If you want to eliminate that you could theoretically democratize access to hedge funds and venture capital, but you would also democratize people blowing up their net worths. Now if you want to tax unrealized gains of privately traded companies (also), your issue is how to value the holdings to begin with before you can value the taxes. So just try public first because at least there we have publicly available stock quotes. In 7 years of taxing a 1 billion stock holding at 10% annually, you have reduced it to under $500 million. But by forcing the person to sell in order to pay taxes on it, you also drive supply up and therefore price down, making it worth even less. Essentially if you taxed unrealized gains at all, let alone more than inflation, you blew up financial markets. If you tax the unrealized gains of investment, you broadly discourage certain kinds of investing, when investing is the only reason that kind of value exists in markets to begin with. So make this tax per holding in each individual company, and not total overall wealth? Then Mr. Shiny Top Hat simply diversifies and stays wealthy, while not taking any of the risks that create new opportunities and huge new innovation, because it doesn't behoove him to. It doesn't pay. But we taxed him right? Maybe the government can do something useful with the money. They're good stewards of tax dollars, right. Except the government doesn't have to actually get a return. The government can just lose money with no consequences to itself. They can spend money on things that don't work, and even things that will never work. They can overpay for everything. They can spend money to do nothing. Investors don't have the luxury of such irresponsibility. When you have massive stock in a billions of dollars company you made, you are not "hoarding," you're keeping control of the thing you made yourself. Making them give up their stake would not make everyone else rich. It would turn capitalism into why-botherism, It would make every large company have no leadership, and have the same vague directionless goals that plague modern governments by making everyone an equal partner in the company. We already have the equal partner system, it's democracy. Government and economic systems should be parallel but not mirror each other. In democracy one human votes, in capitalism one dollar votes. We don't need capitalism to also be one person one vote because it and democracy are nested within each other. The key misunderstanding you have is thinking capitalism is a zero-sum competition. It's not. It's cooperation. That's why people at the bottom of Africa and India have shitty lives despite that their 1% isn't so strong or hasn't gathered as much wealth. Like "hoarding" I just can't get over this. Control of companies is not mercantilism. There's no hoarding. You know what companies people didn't "hoard?" Enron. Sears. Radioshack. You cannot hoard something which has theoretically unlimited supply, which is stock in publicly traded companies, which is at some base level ultimately connected with how productive markets are and how much capital is moving through them. Literally make your own company. It's like saying someone else is hoarding their house. It's their house. Speaking of which, unlike value in public companies, property (real estate, land) is actually fixed and limited. That would be the thing to tax to discourage the hoarding of. Thats exactly what they are going to do in the netherlands. Taxing unrealised gains on publicly traded companys. You invest 1 million and you are lucky,your investment doubles and next year its worth 2 million. You must now pay 360k (36% of the profit) of taxes. If you dont have the cash you have to sell some shares. You keep your investment and next year it goes back to your purchase price. You file a loss and you will get tax credits worth 360k which last for x years (they are not indefinite).These credits are only good for this specific tax you cant use them to pay less of a different tax. You are tired with investing after this rollercoaster and you decide to sell and never invest again.You realized zero return on your investment yet you are down 360k in taxes. In exchange you got 360k tax credit which you will never cash in because you quit investing. You started with 1 million and now you have 640k. The stock you where invested in didnt change over the 2 years you where invested. The goverment is going to rake in so much money with this tax. People who die or quit investing will never cash in on their tax credits from the last bad year in the market. At least that is as far as i understand the tax plan,might be wrong though. Its indeed going to price the lower and middle income out of investing while larger partys have plenty of options to avoid or delay taxes. The tax is understandable,people who make money shoving stocks and options dont add anything to the economy. Contrary to someone who does work and pays taxes over his income. But the way its beeing implemented is horrible.
They also tax gains on securities that haven’t been sold in the US but Oblade doesn’t know that which is why he wrote all that stuff about how it’d never work.
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EPT
