Yeah, that's been bandied about but that's never going to happen because no one has been able to crack the nut of how to do it logistically. I think doing away with portfolio loans and other ways to get cash flow from those assets without selling them would be the more acceptable solution there.
All good points. However, the last point has a flaw. The brain trust isn’t trying to capture the delta in value because of step up basis. They’re talking about taxing ALL unrealized gains. If they wanted to solve the actual problem they easily could, but that’s not their aim.
Just because the idea is idiotic that doesn’t mean they won’t do it. You also assume that the actual goal is to get revenue, I don’t believe that’s the aim of this proposal but we don’t need to go into it here. You don’t need to do away with portfolio loans. It’s a perfectly sensible product. You need to recognize the portion that’s just consumption and not financing activity as income. For ultra large portfolios, I don’t think demanding such an accounting would be an undue burden. However, these things always expand so I don’t think the revenue would be worth the risk.
I’d start looking at the companies involved in this https://www.cnet.com/tech/computing...sting-us-manufacturing-what-you-need-to-know/
The Lucid Air Is the 2022 MotorTrend Car of the Year https://www.motortrend.com/news/lucid-air-2022-car-of-the-year/
First time I actually looked at any specs for these or even seen a pic of one... impressive- now they just need to convince people to start buying sedans again (at $70-170K)
Rivian may be spending some major $$$ here in GA. https://www.ajc.com/news/four-count...with-rivian-plant/FGGPH7S2Y5F5LDFPV6HL7KWPOM/
So...who's buying today? Or waiting for more bleeding? I'd be buying a few things if I didn't need all my cash for house closing in a couple weeks.
T is looking tempting for a long term play. Might still be some downside to it but if your horizon is past the tip of your nose you might get a few.