U.S. Senate Democrats on Tuesday blocked a Republican effort to win quick approval for a bill providing emergency aid to Israel that passed the House of Representatives last week, but that provides no assistance for Ukraine's war against Russia.
Yeah exactly. Stocks are tricky since a lot of retirement investment makes use of them. It’s also smarter to put some of your money in an investment account to grow it, vs in a savings account.
It’s easy to exclude retirement, just make 401k and IRA exempt if you’re actually using it properly. Individual investment accounts are trickier, especially since they’re useful to keep your savings ahead of inflation. Maybe here, you apply an either/or tax. If your income from typical sources is higher than your gain in investment value, then it’s fine. But if your personal investment account value increases more than your income, you get slapped with taxes.
And for the love of God, make it illegal to use property like stocks so we can actually afford homes.
Also remove the restrictions on multi use zoning. Housing scarcity is entirely artificial in most locations. If the pressure valve was released prices would stabilize.
Just as long as we exclude retirement accounts. There’s already punishments if you try to use it for other purposes.
Fair enough. As I said, this is about billionaires gaming the system, not the average blue collar citizens.
Yeah exactly. Stocks are tricky since a lot of retirement investment makes use of them. It’s also smarter to put some of your money in an investment account to grow it, vs in a savings account.
It’s easy to exclude retirement, just make 401k and IRA exempt if you’re actually using it properly. Individual investment accounts are trickier, especially since they’re useful to keep your savings ahead of inflation. Maybe here, you apply an either/or tax. If your income from typical sources is higher than your gain in investment value, then it’s fine. But if your personal investment account value increases more than your income, you get slapped with taxes.
And for the love of God, make it illegal to use property like stocks so we can actually afford homes.
Well said. 👍
Also remove the restrictions on multi use zoning. Housing scarcity is entirely artificial in most locations. If the pressure valve was released prices would stabilize.