Emily Lake
Might be a replicant
- Joined
- Jul 7, 2014
- Messages
- 6,464
- Location
- It's a desert out there
- Gender
- Agenderist
- Basic Beliefs
- Atheist
I get where you're coming from. But there's a side of this that I suspect you're not really thinking through.If banks consider it value so can the government. It's a huge tax dodge for mostly rich people. Why do you think CEO compensation has changed from actual dollars to stock options?
Do you have a retirement account? Do you think it makes sense for the government to tax that retirement account on it's market value every year?
The sort of assets you're talking about get taxed when they are realized. It's not like they are completely exempt from taxes, it's just deferred. If you have non-liquid assets worth $100,000 right now, they're not taxed as long as they aren't actually money. As soon as you cash it in and it becomes money, it gets taxed.
That said, I'm quite happy to change the way in which realized gains get taxed. And I'd be quite happy if stock options were barred from being an element of compensation for employees and executives.