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Billionaires with $1 salaries – and other legal tax dodges the ultrawealthy use to keep their riches
(theconversation.com)
this post was submitted on 11 Feb 2026
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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It's my opinion that using stocks as collateral for a loan should count as a realized gain. It alone would solve a lot of issues. Or tax loans using stocks as collateral as income, but that's basically just a semantic difference.
They really should. All borrowings against equity with a few exceptions like maybe loans against your principle residence, could be taxed to prevent loopholes being exploited. Obviously the IRA's like thiel used should have some sort of cap, 5 billion in untaxed profits is more than a little excessive. Hobbies should not be write offs unless our hobbies are too. Even then, racehorses and luxury hotels should never be write offs. Up and down the line, I think we should throw the entire tax code in the recycling and start over with a nice simple system with no loopholes carved out, the same rules for everyone in that bracket.