skisnow

No. Obviously they wouldn't wait en masse until tax time to sell on the same day. If you knew everyone was going to sell their stock at the same time, wouldn't you sell yours first before the prices started plummeting? And by the same token, if you knew there was going to be a load of selloffs at the end of the tax year, wouldn't you wait to do all your buying at that time?

There's just way too many pressures in both directions for what you claim to be a plausible scenario.

it does play out from time to time (see NFTs, 2008 housing market)

Brilliant classic example of exception proving the rule. Both NFTs and the 2008 crash were caused by a massive lack of fundamentals, not irrational shareholder panic based on a few unknown selloffs, so the fact that those are the examples you came up with of big crashes just shows how weak the original claim was.

Apart from anything else, it doesn't even stand on its own terms - if billionaires were required to pay wealth tax bills, then there wouldn't be any mystery as to why they were selling their shares.

I’ve seen the “one person selling lots of stocks in an otherwise healthy company to raise cash tanks the market” claim repeated so many places as one of these “everyone knows this, it’s obvious” facts, and yet it never seems to play out that way to any meaningful degree. It’s one of the many Big Lies of capitalism that we’ve just been tricked into accepting.

You might occasionally see a minor one day dip of a few percent at worst, and even then they’re usually caused by some underlying issue unrelated to one person’s need for liquidity.

This isn't a news story, it's an advertorial.

I don't know how much of her account is posts like this because I don't want to send a single byte to Twitter, but I've seen that name attached to enough other leopardsatemyface style content to be convinced this specific post does not represent what you could call her moment of realization.

Yay let’s make all cars the same colour as the road

Umm

Dairy, by nature of stress-spoiling, is relatively cruelty-free.

Blatant industry lying propaganda horseshit. The meat industry is rife with cruelty, to pretend otherwise is straight up dishonest.

There’s states where the industry even managed to get filming in a factory farm made illegal because they know just how unpleasant the entire operation is.

Your argument essentially boils down to "some animals can take more abuse than others before their bodies break down, therefore if you only eat the more fragile ones it's relatively less cruel, so go ahead and enjoy".

I think it’s even worse; suffering for their leader is how they prove their loyalty. Now they’re even more invested in him than they ever were.

oh look, another votescold so thoroughly convinced that everything would have been fine if only everyone followed their campaign strategy, that they're literally blaming anti-fascists for fascism. How about blaming actual fascists instead?

You don’t even need to bring income into it. Inflation is the whole point of the “things were cheaper in the old days” trope, if you adjust for inflation then all you’re saying is we’ve seen zero progress. Even on its own terms it’s still not a brag.