grant
1.9K posts



The way to fix this problem is to make borrowing an amount in excess of your basis in a stock taxable. In other words, if you have $10 billion of stock in a company you founded with zero basis, loans secured by the stock should be taxable as if you sold a like amount of stock. So, for example, if you borrowed $1 billion you would have a capital gain of $1 billion. This would be both fair and practical to implement.

AOC and Manchin out with enthusiastic praise of Tim Walz as VP pick

This is amazing 😂

Trump on Fox & Friends: "I think you should get a one year jail sentence if you do anything to desecrate the American flag. Now, people will say, "Oh, it's unconstitutional.' Those are stupid people. Those are stupid people that say that."



This is insane: Ford, $F, is expecting to lose $5 BILLION on its electric vehicle business this year ALONE. In other words, Ford loses ~$44,000 on every EV they produce. Ford’s EV sales were down a whopping 37% last quarter. Disaster is an understatement.





