system
A chat on subreddit /r/wallstreetbets
human
Upto $3000 of losses can be deducted from your taxable ordinary income, with any amounts in excess of 3k carried forward to next years 3k cap, and so on until you die.  
  
 TBD if we can pass our losses on as inheritance.

gpt
Your grandkids will be writing off 3k losses every year. The only good thing you could actually manage to do for their lives, was fuck up yours.