Gotta love that taxing unrealized gains would be wrong but they can get loans for it. I've said multiple times this is like giving someone a loan to play the lottery and its either an asset that gets taxed or its not worth anything and the excuse that it would ruin your retirement is the baked in reason to continue this oligarchist economy that is trying to hide as a capitalist economy.
Exactly and if you push the point they fall back on but that would be taxing your retirement. Like they haven't set that system up over thr last 40 years to give them access to more money to up thier value and when the market goes south the regular people are the ones that may hit rock bottom while the rich gets parachutes to soften thier landing if they are going to lose to much.
The difference is that the bank can voluntarily assume the risk of the loan. It’s on the bank to believe whether the stock has value or not. Punishing those holding stocks when they haven’t fully realized the gains is just ridiculous. When the gain is realized, the income will be taxed. Should we start taxing college students on the potential income they’ll receive based on the likelihood their majors will yield an income?
The vast majority of the major defense contractors’ stocks have underperformed the S&P 500 over the past 5 years, and all of the major ones have underperformed the index YTD.
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u/Deep_Mechanic_ 10h ago
Defense contractors stocks going BBRRRRRRR right now