this post was submitted on 24 May 2026
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Work Reform

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[–] Klox@lemmy.world 16 points 1 month ago (2 children)

Also of interest: Taxes aren't paid on stock buybacks which is why they became popular.

[–] 4am@lemmy.zip 26 points 1 month ago* (last edited 1 month ago) (2 children)

They’re not taxed because they used to be illegal and they shouldn’t ever be taxed because they should be made illegal again.

[–] HostilePasta@lemmy.ml 3 points 1 month ago

The same way prospect (futures) markets should be illegal, as well as options. The rich apparently couldn't make enough with regular stocks so they had to build gambling into it, and then inside trade to make sure they won.

Burn it down.

[–] sik0fewl@piefed.ca 2 points 1 month ago (1 children)

Should probably do both for when they inevitably become legal again.

[–] 4am@lemmy.zip 1 points 1 month ago

If it’s good enough for weed at the federal level I guess it’s also good enough for cash.

[–] SippyCup@lemmy.world 14 points 1 month ago

Because that used to be illegal so there was no need to tax it