[YEwSdObPQT]

Do you know how you don't pay capital gains tax? You leverage your assets and are given credit. That way you don't need to sell the assets to make use of them.

Guess who typically does this? The very wealthy. Guess who doesn't do it? Less wealthy people.

Many of these tax laws that are enacted end up affecting people who are upper middle class and don't affect the mega rich at all.

> No one is going around breaking windows to give window makers jobs.

Not literally no. But metaphorically it does happen all the time:

https://en.wikipedia.org/wiki/Parable_of_the_broken_window#O...

[refurb]

So kind of like using a HELOC to borrow against the equity of your home to invest in other things without paying tax on the sale?

[YEwSdObPQT]

Maybe. I don't know the specifics of it. I was listening to a podcasts and they were explaining the general principle of how leveraging works with regards to Bitcoin.

The point I was generally making is that more complicated tax laws normally don't tax the people that they purport to target and normally end up affecting those that are a couple of rungs down in the class hierarchy that everyone pretends that doesn't exist in most Western Societies.

For example. This was a few years ago. I saw a headline where I think I paid (relatively) a greater proportion of tax from my small Limited Company than one of American coffee franchises paid in the UK. Due to them doing some tax wangling with Ireland. If I were to do the same, I would have HMRC investigating me and I wouldn't be able to afford such an investigation. They probably have a dedicated tax compliance team. I don't.