BankSith on Nostr: The concept of Capital Gains Tax can be seen as unfair, particularly in a fiat ...

The concept of Capital Gains Tax can be seen as unfair, particularly in a fiat currency system. I argue that individuals, regardless of their profession, should be able to earn some extra money tax-free through investments. This is because the money invested has already been taxed, and the profits can be viewed as a way to keep pace with #inflation.

It's worth noting that the government does not provide refunds for investment losses. While it may allow offsetting losses against profits, this doesn't necessarily equate to a direct refund.

I believe that Capital Gains Tax is a way enforced by Communists 🤮 pitting lower-income individuals against those who are more financially successful, it can foster resentment and #hostility. This phenomenon is rooted in behavioral research, which suggests that people tend to react negatively to perceived inequalities in resource distribution. Interestingly, this behavior has been observed even in chimpanzees, where they may reject their own food if they perceive that another chimpanzee is receiving a more favorable share.

In an ideal world with a sound monetary standard, such as a #gold or #bitcoin based system, the need for investing in assets like stocks or real estate might be reduced. This is because, in the long run, the value of money in such a system tends to be deflationary, reducing the incentive for investments driven by inflation concerns and the #cantillon effect.

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quoting
nevent1q…cau3

Capital gains tax is a fiat extraction mechanism. Learn the math to minimize it.