A Boring Dystopia

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Borrowing money against their stuff to get more stuff to borrow money... (discuss.online)

submitted 1 day ago by bytesonbike@discuss.online to c/aboringdystopia@lemmy.world

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[–] Natanael@infosec.pub 4 points 18 hours ago* (last edited 18 hours ago)

Yes, this. Tax collateral as advance on capital gains and the whole incentive to dodge taxes with loans go away and it remains fair too

You could make exceptions for loans taken to improve the same asset (home improvement loans) but you'd have to pass strict audits to get the exception approved