Nassim Nicholas Taleb

Nassim Nicholas Taleb @nntaleb

2) Paradoxically it is when markets pull back that governments cash in, as sales cause the realization of cap. gains. When an asset goes from 0 to 3 Trillion back to 0, as wih cryptos, government gains. Taxes are asymmetric: capital losses generate a credit ag. future taxes. — PolitiTweet.org

Nassim Nicholas Taleb @nntaleb

3) When you hear that so and so has a net worth of $100 billion, the government owns >22 billion of these. Most accounts are unrealized. And if govt raises the capital gains tax rate, it will get more of it. NOTE that it is when markets go south that many are FORCED to sell. — PolitiTweet.org