this post was submitted on 16 Apr 2024
115 points (100.0% liked)
World News
32348 readers
421 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
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
Until there is action taken to tax loans using stock as collateral, nothing significant will happen.
You're right, and this is an excellent idea. If you're turning an asset into a cashflow, it should be taxable under all circumstances.