There were companies that didn’t survive the dot com crash despite being worth billions. Amazon is a company you would recognize, even though a better company is pets.com
If you bought their stock you would be very rich for a very short while until it went bankrupt
Did I say zero revenue? I said didn’t make a profit. Lots of companies made money, but couldn’t make more money than they spent. You can easily have an investment that is valued high that you can’t cash out
Let’s say you bought some stock now, at the end of the year it’s worth $1,000,000 and you get charged $150,000 in April. Big problem, the brokerages stopped allowing you to sell the stock and it crashed down, so now your GameStop stock is worth $100,000
How do you pay?
Amazon had its first profitable year in 2003. It was worth 21 billion dollars.
Let’s say I give $100,000 to a friend that starts a start-up. You claim after some years that investment is worth $1,000,000 and want me to pay $150,000 tax
I take out a loan for $150,000 because the startup didn’t make any profit. The startup goes bust. I now have a $100,000 loss and I paid $150,000 in taxes. Thankfully I can write $3000 off on my taxes every year until I die!
The part where it’s compiled is what makes it have no dependencies to actually execute
I’m saying you can’t pay with paper money, you must pay with real money for everything.
I’m not against considering loans against unrealized assets as realization (with stepped up basis) since the person taking out said loan can use it to pay said tax.
But then I’d have to take out loans to pay my taxes which is absurd. I’ll have to pay taxes on money that I don’t physically have
Can I pay my rent with unrealized capital gains?
It’s not actually higher:
https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/
Top 1% pay 25.9% of their income to taxes, bottom 50% pay 3.3%
I would give up my US citizenship if it were passed. It’s enough I live abroad and still pay taxes for my dividends. If you start taxing my investments directly, I’ll have to get a different passport
You already bought the phone with Google code in it, that ship has sailed when you purchased the device
I’ve played with it for a long time, but I still had a laptop that dual booted Windows. I upgraded the thing to Windows 10, and it became unusable. I went with disabling the anti-virus and firewall. Then I tried to update and the update service didn’t work because it tries to go through the firewall service, which is disabled.
I forgot what I did to do that, so my system is essentially broken. I only used Linux on that laptop from then on and only installed Linux on my other machines
I synced to the BSV shitcoin which is 11+ terabytes. So large I had to turn on throwing away the rest of what I downloaded because it wouldn’t fit on all of the storage media I own. I feel sorry for the people running an archive node.
I tried to install GrapheneOS from Chromium, but online installation doesn’t work on snaps, I had to go hunting for apks because Ubuntu doesn’t allow you to just choose which version of the program you want
That’s the opposite of what I want from Linux. I installed NixOS on my new laptop
That’s old news, NixOS is the new hotness
You need to write the hash in the package, so it requires the exact commit
So what nix does is it hashes the inputs, so git still works even immutably if the hash matches
In NixOS there’s a bot that automatically bumps versions
You can manually install it
Canada?!