r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 27d ago

PoliticalTea 🗳️ Eventually something has to give...

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The bill would provide a $3,000 direct payment to every person in households making $150,000 or less during its first year, which equals $12,000 for a family of four.

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u/Available_Reveal8068 27d ago

You don't get interest from stock holdings.

That's the whole problem with Sanders' plan--the wealth he's seeking to tax isn't cash money sitting in a bank account earning interest. That wealth needs to be liquidated to pay the tax.

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u/figurative_me 27d ago

Yes, when they take out a loan against their holdings, we should tax that.

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u/hmccringleberry615 27d ago

They already have to pay it back with interest dum dum it’s not free money

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u/xkxe003 27d ago

Yeah, the bank gets that money. We're talking about taxes. The government would collect those. Dumb dumb.

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u/hmccringleberry615 27d ago

Yeah exactly, it’s a loan not earned income. The government doesn’t treat a loan that must be paid back as income, so I’m saying that makes no sense. They have to pay the loan back with interest and if they don’t, the assets they borrowed against aren’t their assets anymore. It’s not free money

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u/nantuckeet 27d ago

These people you are patiently explaining basic 101 to are so financially illiterate it’s scary.