My Morgan made it to 15. The night she passed I moved her bed to the floor in front of the fireplace and laid down with her. She was deaf and blind by then, but if I put my chin on her head and whispered she knew I was there and would be calm and not scared.
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I happened to see former US attorney from Alabama Joyce Vance on MSNBC discussing this potential prison visit by the coup supporters. She discussed a prison visit to the federal prison in Talladega when she was the US attorney with then AG Lynch and what it entailed. It’s not like you can just show up with your credentials and the warden lets you in. There’s a lot of preparation involved. I take it that the DC prison operations are similar.
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A lot of prison officials use these carrot and stick techniques with inmates. The old debate about “why is there cable television in prison?” They use it as a means to keep the inmates behaving and less of a threat to the guards. Do your chores and studies then you can watch television.
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Let’s stop letting Republicans talk about taxes as if they’re some form of punishment.
As Justice Holmes said, taxes are the price we pay for living in a civilized society.
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If you’re using it as collateral for a loan, that’s close enough to a sale for me. The only question is whether the tax goes against the loan balance (or changes in the loan balance) or against the whole face value of the line of credit when you establish it. This isn’t about some kind of natural law of what should be taxed and what shouldn’t, it’s about people who figured out how to do arbitrage on a loophole.
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We decided to remain child free, so our dogs became children, and we cared for them as conscientiously and lovingly as we knew how. They made us laugh and at the end they made me cry.
I was there when Zoe crossed the rainbow bridge, the vet and her assistant treated her kindly and gently and her passing was peaceful. I hope she felt calm seeing us there til the very end and not scared.
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I understand that getting mail through to prisoners is a complicated process. It’s read by prison officials, censored if they believe something is improper, but these guys in jail following an insurrection, many of them have said trump gave them their marching orders. How dumb is that and how deserving of jail time is that.
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Also not in the target group, but often wondered about the fairness of a Cap Gain on paper that could disappear. However, that loss can be used to zero out a gain in another stock for no tax on the stock gain. Is that fair for those pulling a salary who don’t have that option?
If hourly or salary, suppose you lose your job in Dec (as i did, permanently due to ageism). You have to pay taxes on an entire year, but you have lost all income. Similar to paying Cap Gains that lose value.
If you buy 100 shares of stock with after-tax money, then sell 150 shares after reinvesting Gains for years, you are paying tax on the gain in stock price. However, if there is no Cap G tax, you bought those gained 50 shares with untaxed money. Free money, with the caveat that you could lose it all. “All investments are risk.”
I decided to have Cap G money sent to me annually since I was paying tax on it anyway (and needed the money). I think of it now as a taxable salary.
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Thanks for saying this so I didn’t have to, @occamscoin. 
Hopefully, to put the proverbial ‘cherry on top’ of this discussion (and assuming I’m understanding the world properly!), it’s THIS loan ‘income (= millionaires’/billionaires’ “living expenses”)’ that Sen. Sinema refused to allow to be taxed at a higher “income” rate, rather than the existing, lower “carried interest” rate thus sabotaging one of Dems’ key initiatives in President Biden’s first two years.
ha ha–not necessarily, just use him as a ‘negative indicator’, i.e., do the opposite of what he suggests! 
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I’d look at that as separate, and with a straightforward solution. Ban use of stocks as loan collateral, fixes the issue. If they can’t leverage it for loans, they’d have to cash out like “normal” people do to make use of it, at which point you collect the capital gains taxes.
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I will begin by noting that we already tax unrealized gains in some circumstances [see IRS code sec. 1256]. So yes, there is a precedent for taxing unrealized gains. And note to Rep. Murphy: we do put people “…in jail for a potential murder that they might do…” It’s called conspiracy to commit murder.
As for the “my stock tanked after I paid the tax on the gain that has disappeared” problem, the Biden plan already addresses that, though there is one thing I would add. The Biden plan lets you take a loss when you sell the stock after it tanks, and lets you not only deduct it from current year’s tax, but also carry back to previous years. The problem I see is that you may be cash strapped in the year the tax was due, so I would have that tax deferred over, say, five years. [We already defer inheritance taxes due in some circumstances, so this too has a precedent.]
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Kind of off topic but will the folks who had money in SVB get it all back or just the FDIC insured 250k?
I know no more about Justice Holmes than that he said this, and evidently no repubs ever read those words.
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Yes, indeed, what the little people will hear is that being required to pay taxes is like being sent to prison. With little reflection on what class of people (those earning more than $100,000,000 a year) would be subject to such a tax.
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He’s not a Democrat either. He’s just a fucking over-rated asshole who is always wrong for the biggest part of the time. Like 99% of the time.
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Well his 20 plus year fantasy of inflation has kind of come true.
I can’t see any difference from unrealized capital gains tax and property tax. I pay tax every year on my house even though I haven’t sold it. It gets reassessed every year and he tax rises or falls depending on that reassessment.
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I imagine it’s hit him so hard he went from Oreos back to Hydrox.
Yeah, the problem with just letting it fail without the receivership process (which, as pointed out, is NOT a bailout) is that this hits a lot of smaller folks… this bank, especially, given its positioning:
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Even the large depositors will most likely get back most if not all of their money eventually. We will probably know soon when “eventually” will be. It could be Monday, it could be years from now. If you have bills to pay now, getting it next year doesn’t help that much.