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Will it be refunded if the stock looses value?
Doubt it. Losses would probably allowed to offset taxes on future gains. But the point is that with these cash equivalents, one can sell any time to pay taxes. So it just takes a cut out of compounding gains as they grow. At the very least, we should make using any investments as loan collateral a tax event to avoid the loan tax avoidance all the 1% use.
Its cool they are trying it. Hopefully it works well. I find it odd that any salary income over 36k is taxed more harshly than income from any passive investments. Feels like it prevents people from owning investments if they don’t have any already… but i don’t have the whole picture