I was thinking this morning about Janet Yellin talking about the unrealized capital gains tax and who the real targets are. My conclusion is the ape army. If the ape army finds themselves hit with this tax on their GME or GMC stocks many will inevitably dump the stocks to pay the tax. This would cause the stocks to plummet, allowing the corrupt financial institutions to cash in on their shorts. It’s intended to break the diamond hands. This could also lead to a larger market collapse which would bring forward the great reset and push their communist agenda and further control. Haven’t seen anyone else spin it this this but it makes sense to me. I’m no stocks expert but seems like the real reason behind this move. Crush the apes and enrich the establishment.
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This is nothing new. It's also why crypto is a total sham.
"Hey, I doubled my money investing in crypto!.... Oh wait, no, I just barely made my initial investment back after paying capital gains tax, state tax, federal tax, broker fees, wallet conversion fees, oh and foolishly overspent my budget thinking I had made out like a bandit..."
(Insert Merkimer sad meme)
The point is to tax cryptos prior to a disposition so investors are forced to convert at least some of their cryptos into USD so taxes can be extracted.
The purpose of the IRS is not to raise revenue, but to collect excess Federal Reserve notes so that hyper inflation does not occur.
A risk the government runs is people stop caring about hyper inflation because they are on cryptos. The forced disposition is so defeat those with a set-it and forget-it strategy.
Plus transactions are a big money maker and if more people just buy and hold instead of trying to swing trade it doesn't benefit the brokers as much.