Quak, Quak, quuaakk

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Joined 1 year ago
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Cake day: December 23rd, 2023

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  • Exclude a mortgage for your primary residence, capped at the median house price or something… And only exclude it IF it is paid back in full over a max period.

    This is the case in the Netherlands… paid back in full after max 30 years… No cap in how much. This was because the interest on the mortgage are tax deductible. So some bankers figured… we keep the loan maxed, and put your paybacks in a special fund… and at the end of the 30 years the fund pays back the mortgage. That way we get max interests and you get max tax break. In the end the banks made a lot of public funds private this way.


  • Assets are taxed all the time (real estate tax, car tax… ). So taxing the value of a share portfolio at the 31st of December each year is perfectly doable. And if it has depreciated since last year, you get a tax deduction… which is capped by the income tax to maximally reach 0… No carrying over till next year… or maybe 1 year… whatever, that’s implementation details.

    How much do you tax these assets is the point that needs consideration… it’s not fully income… But a percentage is only fair. And if this means people need to realize gains to pay for it… that’s fine… Why would it not be?

    And borrowing against an asset portfolio should mean that it counts as realizing gains of the asset portfolio and the amount is seen as income and thus taxed. (You loan 10 million against your shares, that’s income) And to avoid fallout for the normal people you can build in a threshold and exclusions for example for the first million in your lifetime… or for the mortgage on your primary residence with a cap at the median house price or … something. So for these people borrowing against assets means they can keep the assets… but pay interest on the loan. Alternatively they can actually realize the gains and pay cash.

    It’s not hard at all, it’s a matter of political will, and writing proper laws that state your objective and exceptions.







  • America will withdraw from anywhere without a direct financial benefit to the administration. This creates a vacuum and blind spots that will be filled by the US’s adversaries, creating an even more opaque playing field for the US.

    Heavily tarrifed sales to the US will be paid for by the US citizens while at the same time non US companies will see their sales in the US decline. If he removes income tax, this might be a bump in take home, but won’t offset the rise in prices, especially not if US companies will just raise their prices to as close as possible match the non US alternatives making record profits.

    Trump will demand countries pay for us protection, but having shown to be unreliable, this might mean some short term income for the US, the countries will scramble to be independent from the US and the US MIC as they cannot be trusted either (the us might stop sales, or even turn of supplied weapons).

    The same for Ukraine, most likely Trump will just tell Europe to poney up the money and as long as the EU has no alternative they will have to, or they will allow Ukraine to fall, blaming it on trump. Regardless the relationship between the US and the EU will dramatically sour.

    Since the EU is in an energy crisis, most likely Trump will try to price gouge the EU here as well… on the other hand, drill baby drill could mean cheaper energy overall giving him severe leverage over countries in the middle east.