Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 144.60

-7.7%

12:34 PM EST

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To: Kirk © who wrote (25744)	9/2/2025 5:49:16 PM
From: Elroy	of 26476

With an annual wealth tax, if the market goes down, then the government would owe you a refund No they wouldn't. It's like a property tax. If the value of your home declines in a year, you don't get a refund on last year's property taxes. I think the only reason to tax income is because it's clear and relatively easy. But taxing work is a terrible idea. We should tax people who own lots of stuff a percentage of their stuff, and tax people who nothing very little. Don't worry, people will still want to own lots of stuff, in the same way people still want nice properties despite the higher taxes compared to worse properties. People want to own shit!!!

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