Just come up with a variable and if your total loans for the year (using speculative assets as collateral) are above that amount, the assets are taxed as realized gains. And the loan as income.
My thought is the limit should be 100x the annual take home pay of the bottom 20% of workers. Currently that’s about $1.6m. It has the bonus of needing to increase worker pay for cheaper loans.
Just come up with a variable and if your total loans for the year (using speculative assets as collateral) are above that amount, the assets are taxed as realized gains. And the loan as income.
My thought is the limit should be 100x the annual take home pay of the bottom 20% of workers. Currently that’s about $1.6m. It has the bonus of needing to increase worker pay for cheaper loans.