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Cake day: August 24th, 2023

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  • When you know you’re going to get a billion dollars in credits for something, you plan your business around having those billion credits.

    You sell cars cheaper, you expand faster, you try new ideas you might not have tried etc.

    Tesla hasn’t needed those credits for a very long time now, but if they are there, of course they’re going to take as full advantage of the situation as they can.

    If the credits had stopped around when Tesla didn’t need them anymore, I’m sure they would look very different than today, but they’d still be around and profitable.











  • It’d probably has to be aggregate, so you don’t just do 10 $1 million loans as well. A million seemed too low as that’d hit a lot of people and small businesses. Somewhere between 1 and 10.

    Keep in mind there is interest on these loans that has to be paid eventually, which probably involves taxes, unless they’re so wealthy they can just keep chaining it forever until they die which is what the billionaires do.

    Edit: at least with something like this, we aren’t taxing unrealized gains without them trying to access the gains.


  • I’ve always thought a tax on taking a loan out using your stock as collateral is a good idea.

    Borrow 1mil, tax it like half of capital gains. Repay the loan, get it back. Sell the assets to pay the loan off, pay the other half of the capital gains.

    Or something like that.

    Only do it for the wealthy on these bigger transactions. Maybe even starting at 10m, I dunno. They can afford the accountants to do it right at that point.

    Edit: and only if the money is taken out of the investment account or used outside an investment account. So you can trade on margin, but not withdraw the loan to buy a house.