Apple no longer ships scripting languages with macOS Ventura. They had said future versions of macOS wouldn’t have them last year with Catalina. I guess future meant next one.
You have to install them yourself, just like Java was removed a while ago. Honestly it’s great news, since Apple has always shipped very old versions, and you always had to be careful when linking against the system versions. Ruby is particularly batshit insane to manage multiple versions, at least for me.
I absolutely believe that the ascendancy of Homebrew is single-handedly responsible for the removal of those languages. Homebrew is magnificent, and with its recent change of the default install location to the correct Unix location, it’s a nearly perfect package manager for macOS.
Property tax taxes an asset that doesn't move, literally and figuratively. Before financial markets exploded, and especially in agrarian societies like the United States at its founding, a property tax was effectively a wealth tax. (It still is a wealth tax, technically speaking, it just no longer reaches the wealth of the richest in society.)
> In what intervals would you do this?
In whatever interval you'd like. Presumably yearly. But don't companies have to "mark-to-market" for their quarterly reports?
> Your bank account would go to zero.
This is already the case with inflation, very deliberately so.
I can't say I'm a fan of a wealth tax. And in any event I don't think it'll ever happen in the U.S. But the reasons for disliking a wealth tax are more complicated than the above.
In a capitalist society money (investments, etc) produces money. "Returns on investment" are like rents. And like rents, the government can choose to tax the asset itself rather than or in addition to the rents.
If the underlying asset is real (not speculative) and it grows, then it is income. So it should be taxed whether you spend it or not.
But nobody wants this because we all know it’s pure speculation. That is why we call it “unrealized gains”.
If everyone tomorrow tries to cash out their Apple stock, except from the first few, all the rest will get 1 cent each. There is no value in these tickets, just the power of combined speculation.
“ Also, you'd have to provide a tax shield for the losses as well.”
Not really. My car is losing 10% of its value each year but nobody is returning me the sales tax I paid for the full price. Let alone returning me some of lost value.
Why if your stock depreciates do I have to compensate you?
Say you bought a vintage car -- do you have to pay more sales tax each time the car appreciates? I know some owners of FJ Cruisers that would be pretty upset.
Depends on what you decide on the question I asked.
Personally I believe that your claimed cars value is speculative since you don’t mass produce and sell it widely. As a result, it makes no sense to tax you for the unrealized gains.
When you actually find a loser to buy it for the asking higher price then you should be taxed for your lottery earnings.
>Say you bought a vintage car -- do you have to pay more sales tax each time the car appreciates?
Some states and countries actually do tax personal property like cars. Virginia and Rhode Island, for example.
In those jurisdictions, if you have a vintage car in 2021 worth $100k, then you pay $100k * TAX_RATE in 2021. If the value of your car jumps up to $200k in 2022 (due to a movie or something), then you pay $200k * TAX_RATE in 2022. As long as the property is still in your possession, you pay property tax on it.
The thing is, there is no need for people to be inventing their own accounting standards, particularly in the area of tax accounting. These debates about accrual versus cash based accounting have been hashed out long ago. Nothing material has changed just because there is a new tax initiative proposed.
There is such great risk in that to create self-serving definitions that the industry as a whole decided these terms needed standardization and definition.
Now we already have these standards, so let's just stick with them and all use the same meaning of "income" rather than switching to something based on personal intuition. If you want to change the tax code, change the tax code, don't try to redefine "income".
