LogFAQs > #961254855

monkmith posted...

what's to understand? stocks are untaxed resources for rich people to make sure they can build wealth while those too poor to invest cant.

Except they're not because they pay taxes when they sell their stock. They can't make use of any of that money until they sell the stock at which point they get taxed. Calling them untaxed resources is like saying that somebody's magic the gathering collection is an untaxed resource because they have some rare cards sitting in a binder.

If people were taxed each year on what they were worth, not what they made, anyone who has a mortgage would be bankrupt within a decade because they'd be paying taxes each year as if they made hundreds of thousands.