Taxing unrealized gains is a terrible idea, but I do think we need to expand the definition of realizing a gain.
0.1%ers borrowing against stocks and others assets and paying little more than minimum interest is a system-breaking loophole that has exploded the wealth gap. It needs to stop. Taxing unrealized gains isn't the fix. Leveraging an asset needs to be a realized gain.
People should be paying capital gains on the delta between book value vs the asset valuation at loan time. They are gaining from the asset appreciation to have access to more leverage and that gain should be taxable. This would re-set the book value so people don't pay capital gains multiple times on the same gain, but they shouldn't be able to defer the gain forever while using debt to avoid tax.
There should probably be a lifetime exemption of around $1 million to allow the middle class to leverage their home and other key assets in a way the richest have benefitted from for so long, but once you use up your exemption no more tax-free leverage.
Maybe in 1942. Modern tanks cannot be built on highly specialized production lines that build road vehicles without years-long re-tooling. M1 Abrams tanks don't even use piston engines, they have turbines.
A older, but well documented example how specialized modern automotive production has become is the Mercedes Benz 500e. In the 90s Mercedes wanted to build a more powerful, wider version of the E class. They added 56 mm to the front fenders and discovered it wouldn't fit through the production line properly. MB contracted for Porsche to handle the low-volume 500e on a different production line.
Another option is just stick to a smaller circuit.
80% of 15A x 120V = 1.4 kW
80% of 20A x 240V = 3.8 kW
Just going from a standard 15A outlet to a 20A/240V nearly triples the amount of power, and many homes that would need a new panel for a 50A charger have room for one more 20A circuit. Cars typically spend 8-16 hrs per day stationary in their own driveway, so 3.8 kW translates into tons of range.
While 40A or 50A is nice to have, it's far from necessary.
30K would be on the higher end for air source. My install this year was 25k CDN including a lot of duct work.
40K is also on the low end for geothermal. I'm guessing you were able to trench instead of drill?
If you can afford ground source it's by far the best option in cold climates. Steady ground heat means you get the same efficiency all year round. The install can be eye-watering though.
Yes horizontal loop, 200 metre trench ~2m deep with 6 pipes at the bottom. Took 3 days for a 20 ton excavator to dig and fill in the trench. Maybe I got lucky with the installer but it wasn't eyewatering. Vertical loops do cost a lot more. Repairing the lawn with turf or professional landscaping would have cost more than the install, so I did it myself with a tractor, some spare topsoil, and a few bags of Costco grass seed.
We're already there. Emmanuel Clase is under investigation for fixing pitches and can't play right now.
I don't love sports betting in general, but I really hate betting on short term events like specific pitches or a strikeout. There is way too much incentive to fix.
I'm a huge fan of the automatic balls and strikes challenge system baseball is going to adopt.
Awful calls need to be struck from the game and this should do that. Tonight my Blue Jays had a double taken away on a foul call and a ball 2 inches off the plate called a strike in the same at bat with the bases loaded. Between this and the horrible reviews last week it feels like the fix is by MLB to keep us from winning the division.
Unlike tennis where in and out have always been strictly defined and we just didn't have the technology to enforce it, baseball has always involved the human element to the strike zone and some umpire judgement on whether the pitcher hit the spot or just got lucky and what a given batter's zone is. I want some of that to stay, with catchers holding game-long discussions about the zone with umpires, and batters having their own sense of the zone.
I don't want full automatic balls and strikes, so I like the challenge. There is some new strategy on when to deploy it and who can be trusted to recognize a missed call. It leaves some room for a pitcher and catcher to work a corner over a few innings to expand little by little.
There is extensive long term refurbishment of the existing reactors that includes uprated capacity, but there isn't currently any plans to add new reactors at Bruce.
A different Ontario nuclear site (Darlington) does have work underway to build four BWRX-300 reactors, one of which will be the first in the world.
Single stair is one of the reforms I'd most like to see.
At the time 2 stair requirements were adopted it was vital, with devastating urban fires a common occurrence. We have so many new options for both preventing fire and keeping evacuation routes accessible for hours that it's no longer required.
The regulation has a huge impact on the layout and form it's possible to build, and I think it's a huge driver of the visceral reaction against apartment living in the US and Canada.
Being able to build 4-8 storey apartments on a single lot with a central stair where every unit has windows on at least 2 walls would be a game-changer for north american urban spaces and a pathway out of the housing crisis.
> I think it's a huge driver of the visceral reaction against apartment living in the US and Canada.
On the one hand, maybe, but on the other hand, apartments (with the same number of bedrooms for the same COL-adjusted price) in the US are enormous compared to those in Asia and in Europe. I think the real source(s) of the visceral reaction(s) is, in no particular order, Americans' prioritization of personal independence over pragmatism (and I don't mean that pejoratively, though it can get stubborn at times), America's fairly weak renter protections/regulations, and the poor build quality of many American apartments (with dogshit sound and climate-proofing). I think it's a mix of a fundamentally American aversion to adding an additional person telling you what to do with genuine issues in the paradigm where you're paying up the ass for heating/cooling because your landlord doesn't particularly feel like installing double-pane windows, and at the same time your neighbors and neighborhood are obnoxiously loud.
It costs a lot less to build transit infrastructure before or at the same time as everything else compared with adding it later, even if the line is underused as density is added.
The best alternative is a well-planned phased line with carefully protected right-of-way and a dedicated source of long term funding. Bonus points for it being a combination of value capture taxes and the transit agency being a property developer in their own right around stations. The early phase can be inside the boundary of current development so there are people to ride right away. Developers can build and market using the upcoming line, and prospective residents can be confident it will happen with funding secured.
0.1%ers borrowing against stocks and others assets and paying little more than minimum interest is a system-breaking loophole that has exploded the wealth gap. It needs to stop. Taxing unrealized gains isn't the fix. Leveraging an asset needs to be a realized gain.
People should be paying capital gains on the delta between book value vs the asset valuation at loan time. They are gaining from the asset appreciation to have access to more leverage and that gain should be taxable. This would re-set the book value so people don't pay capital gains multiple times on the same gain, but they shouldn't be able to defer the gain forever while using debt to avoid tax.
There should probably be a lifetime exemption of around $1 million to allow the middle class to leverage their home and other key assets in a way the richest have benefitted from for so long, but once you use up your exemption no more tax-free leverage.