• 0 Posts
  • 110 Comments
Joined 1 year ago
cake
Cake day: June 14th, 2023

help-circle






  • I’m in Canada so I have the opposite reaction re: the military. Our military is a joke and if the US ever walked away from NATO we would be totally screwed.

    Our government has been run by the Liberals since 2015. All they’ve done is destroyed the jobs market and put housing out of reach for ordinary people. Not a fan!

    I think if you want to be a socialist you need to acknowledge that sometimes the government will be grossly incompetent and/or corrupt. Frankly, this experience is what has pulled me to the right. I simply don’t have trust in unaccountable institutions anymore.

    Having said that, I think most of the damage to our society has been done by incompetent municipal governments which aren’t part of our party system anyway. They’ve squandered billions of dollars, been grifted by scam artist developers, and destroyed our communities with idiotic urban planning ideas that make livable neighbourhoods illegal.



  • chonglibloodsport@lemmy.worldtoPolitical Memes@lemmy.worldA Plan
    link
    fedilink
    arrow-up
    16
    arrow-down
    6
    ·
    3 days ago

    People change. The old stereotype is that people tend to be very liberal in high school and college but become very conservative with a mortgage and a couple of kids. I don’t know how often that actually plays out but it makes sense.

    When you don’t have anything it’s easy to demand a lot of things from the government. When you have money you want to do everything you can to hold onto it and that means not paying taxes. It flips around again when people are super rich though: then they don’t mind paying taxes (because their effective tax rate is very low). It’s the middle class who get screwed the most.












  • Putting a huge percentage of a company up for sale on the open market is going to tank the price no matter what the fundamentals are. It’s simple supply and demand: you’re putting a huge glut of supply on the market and not putting similar demand. All those sell orders will begin expiring as the offers drop in price.

    The largest owner of shares putting everything on the market at once is strong signal that the stock is overpriced and so buyers will react accordingly.

    By the way, TSLA has a P/E ratio in the 60’s so it’s not exactly a great deal anyway.

    I’m neither defending nor attacking capitalism. I’m just pointing out that putting heavy taxes on illiquid assets leads to huge disruptions.

    The increase in value of shares above book is called unrealized gains. They can be here today and gone tomorrow. Taxing makes no sense unless you’re going to reimburse the taxes if the shares drop in price.