this post was submitted on 15 Jan 2024
1814 points (97.6% liked)
Political Memes
5431 readers
2625 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I largely disagree. I don't wear a tinfoil hat, sorry. I have seen successful execution of homestead related profit protections, and there are very few "gotchas" in it, if any, for non-millionaires.
I'm an American, so blame my patriotism. But I like to think if EVERY other country can do it, we're not so pathetic as a country that we cannot.
There's a ceiling on the revenue potential in that. The wealthier you get, the less your income is "income". The wealthy don't even try to "avoid" it, it's just not relevant to them. Bezos wasn't lying that year he only made $80k in income. His unrealized capital gains simply were not taxable unless he chose to sell off lots of Amazon stock (which has non-tax-related repurcussions for him).