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Joined 2 years ago
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Cake day: July 11th, 2023

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  • I meant relatively simple in the sense that it shouldn’t require a full re-write of existing laws - just an addition to, knowing full well that enforcement would be the biggest challenge.

    Hefty fines (over and above the value of the assets used as collateral) on the lenders if caught not reporting could help ensure compliance.

    Another way to tackle it might also be to treat the end of every financial year as a Capital Gains Event for assets over a certain threshold? That way, it just becomes part of people’s annual tax returns and taking out loans wouldn’t necessarily help avoid it.

    eg. If FY26 saw Elon Musk’s wealth increase by $10bn, he would owe ~$2bn in Capital Gains to the IRS.

    Also, to head off possible arguments: Given that the US taxes its citizens even if they live/work abroad - there would also be negligible risk of capital flight.





  • In a lot of places, rotisserie chicken are a loss-leader - they are sold below cost in order to entice more shoppers in the hopes that they will buy enough other things to more than make up for it.

    Costco does this, not only on their hotdogs but also on their chickens also.

    A lot of other times, raw commodity materials are more valuable than finished goods because of the implied value; ie there is an opportunity cost associated with transforming it into a finished good.


  • They popped up on my YouTube shorts feed a few weeks ago; as best as I can tell they’re a fan-made set of booster cards, with the purpose of parodying/piggybacking on the current booster cracking (gambling) craze - right down to the fact that it has its own set of rare ‘chase’ cards.

    I just find the low-effort art style and names charming, without ever feeling the need to participate.