this post was submitted on 24 May 2026
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Work Reform

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[–] almost_genocide@lemmy.world 2 points 19 hours ago (1 children)

Say you are taxed 10% on the value of all the stocks you own, this means you have to sell 10% of your stocks annually, and by selling stocks you make those stocks less valuable for everyone… so technically they should be taxed less because value drops down?

Just a note, suggesting a 10% tax is pure fear mongering that billionaires and capitalists use to scare people. The average property tax rate in the United States is 1.1% so that's a reasonable percentage to give. People don't sell 1% of their home every year.

Property taxes are a thing. Stocks are property.

[–] HrabiaVulpes@europe.pub 1 points 18 hours ago (1 children)

I honest to god used 10% as an idea of "ridiculously low tax" but I guess the topic of problems with billionaires may be too american for me.

Stocks should be taxed on buy/sell and yearly hold though.

[–] almost_genocide@lemmy.world 1 points 16 hours ago

I honest to god used 10% as an idea of “ridiculously low tax”

You live in a country that has 10% property tax rates?