Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

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how is less budget supposed to make bureaucracy faster (lemmy.blahaj.zone)

submitted 5 days ago by [email protected] to c/[email protected]

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[–] [email protected] 12 points 4 days ago

Simple really

When you use unrealized gains as collateral for a loan, those gains have now become realized, and they are taxed.

Oh, did your stock valuations go up? Did you use that stock to take out a personal loan? You’ve realized those gains. Apply a progressive tax until those loans look more like minimum wage. Make it not worth it to invent value out of fractional reserves in order to bankroll oligarchy.

The fact that this is apparently not done now is the single biggest loophole in the whole system. This is what allows the “unlimited money glitch”.