Hacker News new | ask | show | jobs
by panny 21 hours ago
Hear me out...

Why don't we tax stocks like we do homes with a property tax? Why am I paying property tax on the majority of my net worth, but billionaires are not?

Also, I know all about the buy/borrow/die strategy and I have an idea for that too. Let's tax all loans as income. They are, in fact, income. "B-but they have to be paid back!" That's income again, the bank should pay tax on it.