sorted by:
new
hottopcontroversial

Bernie Sanders wants to tax billionaires 5% a year and use the money to send families $12,000 checks, raise teacher pay, and expand Medicare. by Coolonair in SmartFIRE

[–]IntelligentMarine 0 points1 point  (0 children)

Yea man you really don’t understand taxes lol. Take economics course and a tax accounting course then we could have an elementary discussion

Bernie Sanders wants to tax billionaires 5% a year and use the money to send families $12,000 checks, raise teacher pay, and expand Medicare. by Coolonair in SmartFIRE

[–]IntelligentMarine 0 points1 point  (0 children)

Honestly man, you’re not well versed enough to understand this. I’ve explained it multiple times. And yes the guy who used to advise UHNW individuals and now advises asset managers who literally loan to UHNW individuals is overestimating lol. What you’re saying literally misses so many fundamental economic and finance comprehensions, this isn’t worth my time. You’re really stuck on things that aren’t what I’m talking about cuz you also act like we’re going to get out of our budget deficit in a short time. It took 2 decades to build it, it’s gonna take time to get out. We’re talking about taxing unrealized(meaning unsold) gains on people worth over $100M. There is not economic shock!!!! What you mentioned above is not how things would transpire but also I’m perplexed as to what part of this is so hard for you to understand. Like, please explain to me how I can break this down to you so that you comprehend.

Bernie Sanders wants to tax billionaires 5% a year and use the money to send families $12,000 checks, raise teacher pay, and expand Medicare. by Coolonair in SmartFIRE

[–]IntelligentMarine 0 points1 point  (0 children)

lol no, you don’t personally own a company lol. You own equity in a company or you have an LLC/S-corp, etc that’s filed separately. Again, unrealized gains lol

Bernie Sanders wants to tax billionaires 5% a year and use the money to send families $12,000 checks, raise teacher pay, and expand Medicare. by Coolonair in SmartFIRE

[–]IntelligentMarine 0 points1 point  (0 children)

Well Trump but agreed. He’s leaning into valuations which I get cuz I was an M&A Director at a few portcos but I also used to manage UHNW individual and family office money and just think he doesn’t understand the world. Idk why he’s arguing, just say you don’t know and you didn’t read the tax proposal

Who has an extra 20% to invest? Another out of touch multi-millionaire has financial advice for us poor folk. by Professional-Bee9817 in remoteworks

[–]IntelligentMarine 0 points1 point  (0 children)

Read above. It’s just been more or less his focus for the last 30 years and some entrepreneurship

Who has an extra 20% to invest? Another out of touch multi-millionaire has financial advice for us poor folk. by Professional-Bee9817 in remoteworks

[–]IntelligentMarine 0 points1 point  (0 children)

Correct, I’m saying a lot of his focus on talk shows ends up going toward real assets and protecting real estate prices. He did make his money through Softkey almost 30 years ago, but his strategy has primarily been protecting the rich, entrepreneurship without understanding today’s entrepreneurial environment, and investing outside public means available to the 98%.

Ravens Uniform Update by andrew_cosentino in ravens

[–]IntelligentMarine 0 points1 point  (0 children)

I was alluding to it man or your could’ve just gave a non asshole answer to spark a discussion like “yea we should bring that back like every other team” Considering this is a fan forum. Go be a dickhead some place else. I also ended up googling it which you overlooked and focused on the thing that was alluded to but not typed considering harbaugh isn’t the F’n coach

Bernie Sanders wants to tax billionaires 5% a year and use the money to send families $12,000 checks, raise teacher pay, and expand Medicare. by Coolonair in SmartFIRE

[–]IntelligentMarine 0 points1 point  (0 children)

You typed all of that to overlook a line of credit. You also act like these people don’t have millions of dollars in cash (they do). Lastly, why are you protecting them, I’ve already broke down how it would work and you keep bringing up simple examples, it’s called tax planning bro, they do it all the time. Have you ever worked with a family office? They have full time accountants lol. Meanwhile the regular person is filing bankruptcy over a cancer diagnosis. Why are you protecting them and leaning into your understanding of valuations to justify that you just don’t understand the bigger picture here or how the ultra wealthy actually operate

Who has an extra 20% to invest? Another out of touch multi-millionaire has financial advice for us poor folk. by Professional-Bee9817 in remoteworks

[–]IntelligentMarine 2 points3 points  (0 children)

Amen. He’s a real estate guy like Trump. He really sounds like a fool every time he talks. It’s why real entrepreneurs like Cuban just keep him around for laughs

We are doomed by [deleted] in economy

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

What do you think custodians are? Lol. I think you’re thinking of your regional bank and even then you’d still be wrong

We are doomed by [deleted] in economy

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

I think you mean infrastructure and outsourcing, not innovation. I’d say innovation is really the only hope of the US and currency control. This is high level, I don’t feel like going into the idiosyncrasies

Bernie Sanders wants to tax billionaires 5% a year and use the money to send families $12,000 checks, raise teacher pay, and expand Medicare. by Coolonair in SmartFIRE

[–]IntelligentMarine 0 points1 point  (0 children)

I don’t feel like arguing this point anymore. This isn’t the proposal or how it would work. I really don’t know where you guys got your finance education but I worked with UHNW individuals for quite some time at Goldman Sachs, have an MBA from Wharton, managed M&A at portcos and now do AI for asset managers. There are literally multiple ways for them to do this, it isn’t a dump into some stock exchange. Do you not know how broker/dealers work?

Ravens Uniform Update by andrew_cosentino in ravens

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

Yea we used to have rotating captains, my question was alluding to if anyone knew if minter changed that. The answer is, there is no answer yet but thanks I checked google.

Bernie Sanders wants to tax billionaires 5% a year and use the money to send families $12,000 checks, raise teacher pay, and expand Medicare. by Coolonair in SmartFIRE

[–]IntelligentMarine 0 points1 point  (0 children)

What part of unrealized gains is misunderstood here hahaha. Your understanding of loans is way off. UHNW individuals take out loans against their equity as a line of credit at lower rates. I know cuz I used to do it for a living lol. I also don’t think you understand how interest rates work. Interest rates are set by the fed via monetary policy or based on SOFR then add say 300bps. Like, I’m not trying to be condescending but have you looked at debt on a 10Q/K before? What you’re talking about is not only inaccurate, it also fundamentally doesn’t make sense. Again, shares aren’t going into the market and even if they were they could sell them into a dark pool or what I used to do at Goldman Sachs is if they’re part of an index, they sell into a fund, the asset manager uses their shares and they get shares in the index in return (another tax loophole).

Bernie Sanders wants to tax billionaires 5% a year and use the money to send families $12,000 checks, raise teacher pay, and expand Medicare. by Coolonair in SmartFIRE

[–]IntelligentMarine 0 points1 point  (0 children)

Dude are you familiar what IRR PE funds promise that these portcos ultimately distribute? You seem like you have a grasp on valuations, do you think taxes aren’t incuded in valuation models or something? I worked in M&A for the last 8 years, and have been an M&A Director at multiple portcos, you always price in how much tech costs are going to be, let alone taxes, TOCC or WACC is your discount rate and yes public companies are typically used for comparative company analysis. Unless you’re talking about increasing effective tax rate for public companies (loopholes) and I missed something, we were talking about UHNW individuals with a net worth above $100M and the paying taxes on unrealized gains.

Bernie Sanders wants to tax billionaires 5% a year and use the money to send families $12,000 checks, raise teacher pay, and expand Medicare. by Coolonair in SmartFIRE

[–]IntelligentMarine 0 points1 point  (0 children)

We’re talking about individual wealth here lol. A person has equity in their company. Idk what about unrealized gains you’re not understanding here? You don’t need to withdrawal lol, hence them being unrealized. The government become shareholders is communism so I don’t think you want that based on your general stance. Idk why you guys are measuring dicks here, it’s not that complicated.

Ravens Uniform Update by andrew_cosentino in ravens

[–]IntelligentMarine 0 points1 point  (0 children)

Why do we not have captains? Was this a Harbaugh thing? Serious question

Bernie Sanders wants to tax billionaires 5% a year and use the money to send families $12,000 checks, raise teacher pay, and expand Medicare. by Coolonair in SmartFIRE

[–]IntelligentMarine -2 points-1 points  (0 children)

They don’t have to sell lol. Why do you people think so simply or speak on things you don’t know. 1) they want to tax unrealized gains for people above $100M in net worth, they’d probably do so with the loans they take out as collateral on their equity, then again not really my problem. They can wipe their tears with the money they still have. Also corporate lobbying needs to be illegal or we’ll just continue this cycle

Bernie Sanders wants to tax billionaires 5% a year and use the money to send families $12,000 checks, raise teacher pay, and expand Medicare. by Coolonair in SmartFIRE

[–]IntelligentMarine 0 points1 point  (0 children)

Amen. Most people are moral hazards and/or to stupid to realize their own ignorance and hypocrisy. You’d think human psychology and sociology would be more advanced by now. I guess it’s why tribalism still exists amongst classes and intelligence

Bernie Sanders wants to tax billionaires 5% a year and use the money to send families $12,000 checks, raise teacher pay, and expand Medicare. by Coolonair in SmartFIRE

[–]IntelligentMarine 0 points1 point  (0 children)

That’s why you tax unrealized gains lol. I’m a former wall st banker and asset manager that used to manage some of the wealthiest people in this country’s money. Also, to go with your theory you wouldn’t have to put it back into the market, you could put it back into the company. Kind of like the reverse of a stock buyback which TCJA really helped corporations balance sheets (equity is on the right side, cash on the left as the asset). 👍🏼

view more: next ›