this post was submitted on 24 May 2026
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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[–] MasterBlaster@lemmy.world -4 points 2 hours ago (3 children)

What happens when my socks value decreases 30% one month? Do I get a tax refund?

[–] jtrek@startrek.website 1 points 53 minutes ago

It depends on the details of the implementation. There are many possible solutions.

If we change it so the rule is like "if you use stock as collateral to get a loan, that is income and taxed as such" then no. You might just default on your loan, but that's kind of on you and the bank for using a volatile asset as collateral.

[–] sexhaver87@sh.itjust.works 1 points 1 hour ago

Got some bad socks there brother

[–] tristynalxander@mander.xyz 1 points 2 hours ago

What happens when someone fails to pay back their bond? Do I get a tax refund?