grumpitron

Citation needed on “wanted to make the world population less”. Much of the work his foundation does is vaccination and other health initiatives in developing countries in order to extend lives.

Those ARE real numbers - though we may disagree on how likely those levels of inflation are. Does higher inflation increase capital gains tax bills? Yes, we'll agree on that. Do capital gains impact more people than any proposed wealth tax I've seen? Also, yes we'll agree there too.

However, one fundamental difference between capital gains taxes and wealth taxes is that capital gains taxes are only imposed on the gains on the disposition of an asset, whereas a wealth tax is applied to an individual's entire net worth, and all proposals I've seen are applied annually. This is relevant to the original comment that said "all property" would be subject to a 20% tax - but my point was that's not the case, regardless of inflation.

It does not turn into a wealth tax. A wealth tax is a tax on the entire value of the property. A capital gains tax is a tax on the gains. The only, extremely narrow situation in which they’re the same for a particular investment is when someone has a $0 cost basis on their investment. Runaway high inflation will have them trend closer to one another, but we don’t have that.

What you're describing is a wealth tax, not capital gains. Capital gains taxes are applied to gains on capital, not to held property.

I think it's even narrower than you point out, as it should be 250K of gains, not just of stock sales. If I, for example, sell 260K of an index fund that I bought for 240K, I shouldn't owe this tax. However, if I sell 260K of stock that I got at basically 0 monetary cost as a company founder, then I'd owe the tax.

It looks like Oregon has a 9.9% capital gains tax, so moving to Portland would add to the tax bill of founders relocating before selling their company instead of reducing it.

You may be able to donate them to a charity, which the Board might be more likely to approve since it doesn’t imply the company is worthless. Maybe someone on the board is on the board of a charity, too.

Also just a quick note that this would be capital “gains” and there’s a limit on how much you can offset income taxes with capital losses, at least in the US. If you’re offsetting other capital gains, then no issues.

Gunnar glasses have helped me a lot. They are kind of pricey, but the difference has been kind of incredible. My headaches are also much worse if I’m not sleeping enough, and they have helped when I don’t really have much choice on how much sleep I can get (like when we had a newborn).

To be fair, I know at least a handful of people who are not in poverty but seem to prefer low quality / low price options to those that are more expensive.

My read of it was that CloudFlare is a threat to both the open internet and TOR, not that TOR was also a threat to the open internet.

Also, my colleagues called my Gunnars my "hunting glasses" because both have a yellow tint to them.

I recently listened to a series of podcasts where this was mentioned on Our Fake History, though my recollection was that he seemed to think the story's accuracy was questionable.