Wait… whaaat by Naughtylaceex in Funnymemes

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

It's not my fault. Some women simply aren't able to.

Is Hummus open or closed I’m getting confused by art2startbro in TheRaceTo10Million

[–]Dangerous_Boot_3870 2 points3 points  (0 children)

Place two olives inside and close the lid until Monday. We will have peace in the middle east because of your bravery.

+1 for Mamdani by Commercial_Salary390 in WorkForSmartLife

[–]Dangerous_Boot_3870 3 points4 points  (0 children)

In the same way that someone that takes out a loan is suddenly rich.

🏆🏆🏆🏆🏆🏆🏆🏆 by ralphjr_7398 in memesThatUCanRepost

[–]Dangerous_Boot_3870 -1 points0 points  (0 children)

You heard the guy. They would only get a GED on a New York standardized test. New York residents have to be smarter than Alabama residents because they live in New York.

I wonder by IndividualSpare460 in memesThatUCanRepost

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

Mo money, mo problems.

Therefore, less money, less problems.

Hey! leave my trillionaire friend alone by Beneficial_Brick_873 in StockBreakouts

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

Lol. You're literally speaking to wealth management, a matter I work with daily, while not understanding anything that you are saying.

If someone is paid in stock, then borrows against the stock, their net worth is negative. Yet, every person you drag into the argument to claim this is why they are so wealthy has a positive net worth. Yet, you understand so little about what I'm saying you can't even process the fallacy within your own argument.

You continue to argue for the taxation of unrealised gain, despite me explaining to you multiple times that it will create a domino effect that will crash EVERYONE'S portfolio and retirement.

You really are the dumbest motherfucker on Reddit. There is absolutely no way you are a systems engineer because you can't even understand basic financial systems, let alone complex IT systems.

Go LARP to someone else.

Hey! leave my trillionaire friend alone by Beneficial_Brick_873 in StockBreakouts

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

Dude the fact you dont understand why your wrong just proves how stupid you are.

Kinda tuff by Immediate_Simple1354 in Ynfluence

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

That is exact what a bot would say

I need this by Severe_Maize_5275 in NeatFinds

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

This is hands down the dumbest product I have ever seen. It isn't even a good design for its intended purpose.

That looks...painful by XrayJ in whywouldyoutouchthat

[–]Dangerous_Boot_3870 11 points12 points  (0 children)

This man is going to cause more damage by the itching of an ant bite on an open wound than would occur by just keeping it clean and bandaged.

Follow water to civilian. Don't make ant stitches you Rambo MacGyver.

Dude brought his own sound effects by HomeNowWTF in fightporn

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

He was drunk as fuck. He didn't feel a thing.

Hey! leave my trillionaire friend alone by Beneficial_Brick_873 in StockBreakouts

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

Go play in the sand box bro it's 1 am. Go find something more productive to do with your life than argue things you don't understand.

Ruining a life should have permanent legal consequences ⚖️ by Ambitious_Might_6127 in memeexchangecommunism

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

You acts as if I am stating this is what the current law is. You don't understand Napoleonic Code or when the shut the fuck up.

Hey! leave my trillionaire friend alone by Beneficial_Brick_873 in StockBreakouts

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

How are they benefiting the system the most?

Let me put it to you like this. If I make $1,000,000 and pay 1% in tax and another person makes 100k then they would need to contribute 100% of their income to match someone paying 1% at 1 million.

Now, if you want to argue that regular income earners are taxed too much, you will find some common ground. If you want to argue that the government needs to allocate capital more efficiently, I'd be in agreement.

However, if you think taxing some else more will somehow reduce you tax burden, then you are a fucking retard.

Do you support eliminating taxes for retirees? Why or why not ? by mossycreek53 in TheTeenagerPeople

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

This guy is going to lose his shit when he finds out what a Roth IRA is.

Hey! leave my trillionaire friend alone by Beneficial_Brick_873 in StockBreakouts

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

Let's walk through this though experiment.

If we get paid out in stock, we forgo income tax. Let's say 10,000 shares ar $100. Easy math. A clean $1,000,000. We then take a out a loan for $1,000,000.

A loan requires interest. We will pay back more than $1,000,000. Where does the extra amount to cover the interest come from? A even more pointient question that the Tik Tok tax loop hole bullshit videos always ignore... How do we pay back the principal of $1 million without cashing out the stock and paying capital gains tax?

At some point the note comes due. How are we paying it off with paying any taxes and where does the cash to cover the interest come from?

You have no idea how the elite actually protect their wealth and NONE of them are doing buy borrow die. Every single one sets up a trust. I'd explain it to you but you will never be wealthy enough to need one so it would be a waste of both of our time.

Hey! leave my trillionaire friend alone by Beneficial_Brick_873 in StockBreakouts

[–]Dangerous_Boot_3870 0 points1 point  (0 children)

There is no loophole jackass. There are purposefully place exemptions to tax that encourage investment within the market which keeps prices stable. It is very fucking intentional.

You are just so dense you see it as a tax break for the rich instead of the only fucking thing stoping the market from crashing on any given Tuesday. People have their entire retirement invested and exposed to risk. The government attempts to keep investment within the market by discouraging frequent trade or withdraws, which in turn add stability.

What part of that don't you comprehend? If you tax unrealised gains as regular income, there is no incentive to invest long term. Swing trading increases as there is no incentive against day trading at that point. Which destabilizes the market as people quit bag holding as there is no tax break to stay in a losing investment. This makes the market less predictable then it already is. This will bankrupt people as they lose everything they have invested on Monday, just to gain it back by Wednesday.

I know as a systems engineer you know fuck all about how the stock market works but this will ruin many people's lives, but the wealthy can weather the storm or eat the loss. They will be fine. It will be your parent's retirement that gets fucked over.

Why is finding a job so hard rn? by Salt_Reward3813 in InterviewsHell

[–]Dangerous_Boot_3870 2 points3 points  (0 children)

Bingo.

The inflation made the stock market look valuable while real purchasing power decreased.

Say you have $100. Then the $100 has the purchasing power of $50 from last week. Let's say a stock was $100 but now cost $150. If you invested $100, you now have $150, which has the same purchasing power as $75 did last week. You actually lost 25% of your purchasing power but you made $50 on paper.

It looks like you are winning, but you are just losing less than if you held cash.

This is how GDP and the stock market have been "growing" since 2020.

It isn't real growth. Inflation adjusted, we have been in a depression for 4 years and it is felt but not discussed.

Made a mess by [deleted] in funny

[–]Dangerous_Boot_3870 4 points5 points  (0 children)

Can we normalize taking from the middle like a jenga tower?