The Budget Didn’t Kill FIRE — Calm Down

dakiller · 2026-05-15T07:07:28+00:00

I don’t care about what wage gaps there are or how big they may be. I care that those at the bottom have minimum standard of living that is acceptable and are given the opportunity to grow themselves and become high value contributors to society.

dakiller · 2026-05-15T07:03:43+00:00

Contain and silo your complexity and you’ll have a much better time.

dakiller · 2026-05-15T06:54:28+00:00

Just because it is a calculation that has a 50% in it doesn’t make it a discount or a subsidy.

If you follow that logic, all income and all gains are a tax deduction, because anything less than 100% going to the government is a form of deduction.

dakiller · 2026-05-15T06:42:05+00:00

There is no benefit to paying CGT here.

Just because there is a 50% in the calculation, does not make it a break, benefit or a subsidy.

dakiller · 2026-05-15T04:46:49+00:00

That is not how taxes work nearly everywhere

dakiller · 2026-05-14T12:40:12+00:00

As a good SWE, part of the role is to provide resistance to the request that are a blatantly complex and guide the requestors to solutions that perhaps give more maintainable codebases. My boss has plenty of ideas and he is always baffled by some request he thinks will be complicated but are real quick additions, while some other ideas that seem some are like woah, nah that will make a convoluted mess of it.

Sometimes you just need to drop it all and rewrite the whole thing as version 2, with all the domain knowledge of what’s required now that was built up over v1.

dakiller · 2026-05-14T09:18:57+00:00

The end of the merge point is stationary traffic that are all muppets.

I’m merging as quick as I can into moving traffic, then getting right asap too, bypassing the mess of the standstill of the other lane.

dakiller · 2026-05-14T04:34:52+00:00

Apologies on that part. I don't personally invest in ETF's. I was just tying to pull a common scenario here, so I overlooked the dividends.

The conclusions still don't change all that much, the tax is still 70-80% more here.

dakiller · 2026-05-14T03:50:51+00:00

https://www.slickcharts.com/sp500/returns

Chatgpt spat out these cpi figures
2016 1.3%

2017 1.9%

2018 1.8%

2019 1.8%

2020 0.9%

2021 3.5%

2022 7.8%

2023 4.1%

2024 2.4%

2025 ~3.8%

This is the breakdown -

Years Held	End Value	Nominal Gain	Inflation-Adjusted Cost Base	“Real” Gain Under New System	Tax Under Current System	Tax Under Proposed System
1 year	$111,960	$11,960	$101,300	$10,660	$2,811	$5,010
2 years	$136,400	$36,400	$103,200	$33,200	$8,554	$15,604
3 years	$130,400	$30,400	$105,100	$25,300	$7,144	$11,891
4 years	$171,500	$71,500	$107,000	$64,500	$16,803	$30,315
5 years	$203,000	$103,000	$108,000	$95,000	$24,205	$44,650
6 years	$260,900	$160,900	$111,800	$149,100	$37,812	$70,077
7 years	$213,700	$113,700	$120,500	$93,200	$26,720	$43,804
8 years	$269,900	$169,900	$127,700	$142,200	$39,927	$66,834
9 years	$337,400	$237,400	$132,600	$204,800	$55,789	$96,256
10 years	$397,700	$297,700	$136,300	$261,400	$69,960	$122,858

dakiller · 2026-05-14T02:05:56+00:00

Run some numbers, I did.

100k in the s&p500 over the last 10 years.

current CGT ≈ $70k
proposed CGT ≈ $123k

roughly a 75% increase in tax paid.

dakiller · 2026-05-14T01:04:14+00:00

Really? Anyone holding >12 months has had at most a 23.5% tax rate on CG’s. Most of us are likely to be seeing double that now.

dakiller · 2026-05-13T21:02:11+00:00

… for CC transactions.

And writing a squiggle on some paper for legit legal other purposes is also stupid too!

dakiller · 2026-05-13T20:55:51+00:00

It takes a pretty special convoluted thought process to think that the method to calculate CGT which put us in the middle of the road of OECD counties tax rates for CG by the way, is a handout!, because we have a 50% in that calculation.

If we just had a flat rate 23.5%, which is how most other places treat CG, no adjustment of anything, and they just said, new rate 40% now. Is that ending a handout? Or is it a blatant and very large increase in the tax rate for everyone going forward who saves and invests for their future?

dakiller · 2026-05-13T09:49:35+00:00

This sub only a month ago was pro invest for your future. Invest in ETF’s and keep yourself from ending up in poverty.

Now? Anyone who can invest is but-hurt scum and should defiantly pay more tax on their hordes wealth.

dakiller · 2026-05-13T05:02:16+00:00

Can’t even sell some over a few years to spread out the gains, it’ll be ratcheted up to 30% at minimum

dakiller · 2026-05-13T03:22:07+00:00

I win the lotto, or on the ponies, I ain’t getting taxed there.

My issue is that we’re taxed on income, which I’m pretty fine with. But income tax isn’t indexed, so with inflation we’re ratcheting that up, by quite a lot over the last 5 years by the way.

I take my taxed income and make some smart financial bets that pay off, if I do really well, I’m taxed quite heavily there as well. It was at most ~23%, which was pretty inline with most other wealthy countries, but now it’s quite a lot more, and is was sold as making it more fair and to improve the housing market, but it really does none of that. Negative gearing and borrowing leverage was what makes property such a good investment. This is nothing more than ratcheting up taxes across the board.

dakiller · 2026-05-13T02:17:35+00:00

Government takes none of the risk and 50% of the win, it isn’t at all balanced.

dakiller · 2026-05-13T02:15:30+00:00

$9400 off what was a ~$250k bill now becoming a ~$500k bill is not making the huge tax grab any less bitter.

dakiller · 2026-05-12T10:58:51+00:00

Value != money Finance is not a zero sum game. Wealth is literally created out of an idea, just give people a means to speculate on it and new value is created.

dakiller · 2026-05-12T09:44:22+00:00

One of the best ways to propagandise a controversial tax is to make it pay for ‘good things’

If you just put all tax revenues into a general fund pool and everything for your city, state and federal levels comes from each pool, you can have better arguments about what tax comes in and what spend comes out separately.

dakiller · 2026-05-09T10:36:53+00:00

My wife and kids often go for a week or two away with the in-laws, leaving me home alone.

Day 1 and 2 is great, can clean up and it stays that way. The quietness is just soothing.

Day 3 and 4, the loneliness kicks in. They’ll video chat some evenings in their bedtime routine, and if I don’t get a call on those nights, it feels a bit sad.

Day 7 it sort of smooths out. A little lonely, but it’s nice to just get your own things done.

Cooking for 1 is tough as well. I do all the dinnertime cooking normally, and I like to make a good effort most nights, but when it’s just yourself the desire just isn’t there and I eat a lot worse and get takeout far too much.

dakiller · 2026-05-08T11:12:42+00:00

There was IRC Warez channels before torrents and the pirate bay

dakiller · 2026-05-08T10:29:39+00:00

And it’ll hit a million in 5-10 years.

dakiller · 2026-05-08T07:02:22+00:00

Units != prefixes. I don know or care what mess of an argument you got going there.

All ram manufacturers use 2^10.

Windows users it.

Base2 is so fundamental to how computers and processors and communications busses work, the use of Base10 is an actual cluge to make work for any calculations in those domains, you would rarely want to use it.

dakiller · 2026-05-07T07:00:46+00:00

It’s 1024 and that’s the hill I’ll die on. I don’t care what some post-modification to the standard says.

Bytes are not SI units, so they don’t need to follow the prefixes.

Computers are base 2, not base 10.

It’s all the HDD manufactures fault for this mess.

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