Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
I’d say, when it is used as a vehicle for any financial transaction. If an employee exercising stock options pre-IPO has to pay tax on something that they are unable to get any financial value out of for at least 6-12 months, there is no legitimate reason that unrealized gains used as collateral should not be taxed. It’s just another way to shift tax burden onto people who actually work.