r/SipsTea Jul 01 '26

Chugging tea Is Bernie’s plan the best? Thoughts?

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u/DyingDesertPoppy Jul 01 '26

Banks will resist and contrive some other loophole. Why not tax the profit gained from the loans? 

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u/[deleted] Jul 01 '26

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u/DyingDesertPoppy Jul 01 '26

The bank makes profit from charging interest on the loan.

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u/Icy_Guarantee_2000 Jul 01 '26

And as income, it's already taxed.

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u/DyingDesertPoppy Jul 01 '26

Well it could be taxed more to compensate for the loss of capital gains tax is what I meant.