All I said was that it was not the normal way. I’m not paying judgement either way.

Ummm, very different. The tens of millions of Americans dodging collection agencies have bad credit and are denied future purchases. Their houses are foreclosed on. Cars are repossessed. And most importantly it’s difficult for these tens of millions of Americans to shout out to the world, “Hey look at me! Look how great I am with money! You should totally put me in charge of the largest economy in the world” and have ANYONE believe it.

Exactly. Why don’t they get payment up front and ban him in the future until the debt is paid?

Well I can’t say how it works with software since my experience is only with hardware, but that’s not the way the government usually receives a product.

Usually the government puts out a Request for Proposal (RFP). Companies will respond with a proposal and the government chooses one. The product is developed and ultimately delivered to the government for it to use as it sees fit. If new technology is created during the development, the company providing the product can usually patent that technology.

It’s possible other models for this exist, but I’m not aware of any product the defense contractor I worked for ever telling the government how or where to use a product. On the other hand, I’m not aware of the government ever wanting to expose that knowledge either. Usually it’s the other way around. So it would be a non-issue.

But to me it makes no sense that the RESULTS of the model can’t be shared. The real important stuff is HOW the model works. I admit I did not read the article, only the piece at the bottom. Please disregard if this is based on false information.

Of course that goes without saying.

Dude, nothing can protect us from Santa.

You know, I heard that rich people need air to live, we should totally tax the crap out of that. That would show them.

I love the way people on the internet have to insult to make a point.

I’m just glad you’re not the one making the tax laws.

I love the way you think I don’t understand these things. It’s just another tablet of condescension you dole out of your anti-social Pez dispenser. Have you actually READ and DIGESTED anything I’ve posted?

And still no reasonable argument on how/why to tax unrealized gains. Just more rich people suck and so do you for daring to suggest that not EVERY law allowing it is horrible.

I’m out of touch with reality for suggesting that we actually just tax people equally but OP isn’t out of touch for suggesting we suddenly put a tax on an imaginary number because many rich people might be able to abuse it. Classic.

I see, so if I don’t want to see a users posts and I block them, I won’t see them, but everyone else will? I mean in a thread we are both contributing to?

That’s a really nice view point. I agree with what you said completely. The problem is, it doesn’t stress the issue we’re discussing.

I say, you should tax an unknown value. You say, billionaires are bad.

You can block people? Well that changes things.

Fortnite. Noped right out of that one.

LOL. I don’t agree with property tax based on home values either.

What part of the stocks in a portfolio that you have not sold have no gain aren’t you getting? Yes, there’s a number in Robinhoid and tomorrow that number could be zero. Companies go bankrupt and when that happens, common stock goes to zero. Until you SELL the stock, there IS NO gain or loss.

The OP does not mention only gains over $100m.

The answer isn’t to tax them. It’s to not allow them to be used as collateral.

Or, how about we just tax everyone equally and keep them from making the rules. Make a little money, pay a little money. Make a lot of money, pay a lot of money. As far as I’m concerned, if you can make a billion dollars on a level playing field, more power to you. Now pay up.

Absolutely, but that’s not what we’re talking about. We’re talking about creating a tax on an unknown number that will apply to a lot of not rich people. And then taxing it again later for I -don’t-know-how-many times.

How about instead, we make a flat tax and remove loop holes in or any number of ways that apply across the board.

I don’t have a problem with people wanting to be rich or even being rich. I have a problem with how they get there and what they do when they get there. It’s completely unfair and oppressive, crushing people who dare stand in the way, forced labour, buying politicians, etc. I’m sorry but I’m not a communist. Just arbitrarily deciding anything a rich person does should be illegal because a rich person does it is just silly.

Oh brother. Talking about a high horse.

So if you tax unrealized gains, the rich will still be rich but everyone else will simply stop investing. They will have no option but to only earn money from the rich guy. Oh but we’ll all have collectives because everyone who works wants to be an owner. And the best way to make any decision is to have a whole bunch of people provide input.

Look I’m all for eliminating the unfair rules that allow people to become billionaires. This rule is not one of them. And I’m sorry, but there are millions of people in the US with 401k retirement plans and they all have unrealized gains. They would all be effected. So don’t pretend this is ONLY a rich person thing. This isn’t a tax on the rich. It’s a tax on trying to become rich.

That sounds like a very compelling argument.

Yup, but I don’t see how taking away everyone’s rights is going to help that situation. That’s the way it is. People seem to think only ultra rich people have unrealized gains. I’m sorry, b but it makes no sense to tax an unknown number.