Nibodhika

-It requires an arbitrary use-agnostic choice of value. Why 10 million? Why not 5? Why not 50?

Why are tax brackets the value they are? Would you say that tax brackets are a bad system? They also rely on an arbitrary use-agnostic choice of value.

-it requires an arbitrary time scale. Why 5 years? Why not 3? why not 10? Why not limit once in a lifetime?

Same reason taxes are calculated over yearly income and not every 2 years or 6 months. It's also arbitrary, it's just an arbitrary you're used to so you don't question it.

Both cons you found for my solution are also present on tax brackets, i.e. arbitrarily defined values and length, by that logic you also think tax brackets are a bad idea.

The reason why I said 10 Mil over 5 years is to try to exclude as many legitimate use cases as possible. For starters we're talking about people, not business, there are legitimate reasons for a business, particularly large ones, to take much larger loans. But for people? The largest expense on a regular person's life will be the house they buy, and 10 Mil is WAY above the average price for that, if someone is buying a >10 Mil house I'm okay with them getting taxed on the loan, if they managed to get a 40 year 0% loan (impossible) they'll already be paying 20k per month, might as well pay some more on top of it. But wait, you might say, what about smaller loans that compound to >10 Mil, that's why there's a 5 year limit, this means the person needs to loan over 2 Mil per year, which is simply not possible for someone unless they're mega-rich, because again they would need to be paying >20k per month.

And yes, those are arbitrary values and probably they need adjusting via research and experimentation, but again the same is true for tax brackets, and I think everyone agrees those are a good idea.

This answer you acknowledged my proposal, therefore I now believe that you understood it, on your first answer you suggested I had a definition of income/non-income loans, which is not at all what I'm proposing.

Read my answer before replying, I provided a solution for that's and it's a solution based on the astonishing difference between what high middle class people and super rich make.

I'll repeat it, every dollar you take from a loan gets tallied, and expires after 5 years. Whenever that value goes beyond 10 million you start paying taxes on the loans. You, or any high middle class person, won't be able to take that many loans in such a short period of time, simply because it would mean that you need at least an income of 2 million per year just to repay those loans, and I think we can agree that's not high middle class.

This way there's no loophole on the type of loan.

Vomited tomatoes are also rich in MSG, how can you not like them?

There's a lot more to flavor than taste, and people are free to not like the flavor of anything regardless of the amount of MSG, salt, sugar or vinager.

Yeah, and this should showcase just how bullshit the system is. IMO every one of those 100 trades in the middle should be taxed, this removes bullshit from the system, you can't buy a contract saying you'll buy the stock, because that would be buying something of that value and would be taxed. We need to start seeing those 100 trades, as what they are, i.e. a way to try to rig the system.

But then the value goes WAAY up. Let's assume you live in a very good house, and mortgage it you're able to get 5 million out of it. Do you think someone like Jeff Bezos could live for 5 years with that?. You can do it fairly straightforward, everytime you take a loan, the full amount of that loan gets added, after a period of 5 years that value disappears, if at any point that value goes above 10 million, you start paying taxes on it. And the higher it goes the more tax you pay on it, just like how income tax has brackets, and just like how up to certain values are exempt.

For you or me if we were ever loan 10 million over 5 years we wouldn't have a way to pay it back. For an Uber wealthy they do that fairly quickly, Bezos mention costs 600k a month, so he'll get into the first bracket from just that in a year and a half.

People need to realize just how big the gap is, there are plenty of ways to tax extremely rich people without affecting the middle class by just putting the bracket so high up that it's impossible for a middle class to reach it.

That read exactly as a footnote on a Terry Pratchett book, if you have never read Discworld you should, it has the same sense of humor that you do. For example another popular saying being bastardized:

Give a man a fire and he'll be warm for a night. Set a man on fire and he'll be warm for the rest of his life."

Nicolas Cage's The Wicker Man is the only John Wick spinoff worth your time.

1. That movie is older than John Wick
2. It's a remake of an even older movie
3. Which is based on an even older book
4. The plot has NOTHING to do with hired killers or anything John Wick related

Are you sure you didn't mixed up the movie?

Every time I see that, or similar, explanation on a piece of media it reminds me of Stargate SG-1 https://youtu.be/zBjbNqBjSMI

Context for the video, the guy is a technologically advanced alien trying to contact another alien species that's light years away from earth. They're also refusing to share technology with earth humans because they deem earthlings are too primitive. In that same episode they talk about quantum physics and their answer is "ahh, yes, I remember that, I studied it in school, together with other misconceptions".

I love Stargate, in part because they take the time to explain things, sure, they do a bunch of stupid stuff too, but a lot of the time they're fairly accurate, and when something needs to go against physics they even acknowledge that that's not how it's supposed to work.

I like Earl Grey, but also drink a lot of Mate (although not sure if people consider this a tea)

Something almost, but not quite entirely unlike tea

Sure, but so far he's just the democratically elected president, if after his term is up he doesn't want to leave then absolutely kick him by force. Until then any attack is, by definition, anti-democratic.

Not quoting Hitlerz but the "prime minister" did say about rent for a one bedroom apartment being over €2k that "people need to remember that one man's rent is another man salary".

The president is nice though, although he's just a decorative position, he seems like a very sensible Hobbit.