this post was submitted on 16 Feb 2026
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A Boring Dystopia

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[–] hexabs@lemmy.world 3 points 3 days ago (4 children)

Might be a silly question –
Why not get taxed by selling it once and for all instead of paying interest on the loan against it for years.

In the long run won't interest surpass the one time tax?

Also assuming they invest the surplus after the sale, it should be the cheaper option.

[–] JcbAzPx@lemmy.world 2 points 3 days ago (1 children)

They can get interest rates that are lower than the tax they would pay. Often, they hardly pay any interest at all.

[–] hexabs@lemmy.world 2 points 3 days ago (3 children)

Why do banks do this? Sounds like a favor.

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[–] minorkeys@lemmy.world 2 points 3 days ago

Rich ppl exploit systems regardless of the cost to society. They don't care about anyone but themselves and will be why society fails.

[–] deHaga@feddit.uk 5 points 4 days ago* (last edited 4 days ago) (6 children)

If all the assets are secured by loans, then they inherit fuck all. They don't magically not owe loans or not pay interest.

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[–] ViceroTempus@lemmy.world 1 points 3 days ago

Which means it can be burnt or stolen. Would be a shame if people started eating the rich and taking some of that loot home for themselves.

[–] S_H_K@lemmy.dbzer0.com 1 points 3 days ago

And they fight against the wealth tax like it were heresy.

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