Flying SquidBut how would they be able to live on that?
CypherSo how does this wealth tax work? Are stock holdings taxed? Stock quantity doesn’t magically go up unlike fiat currency which governments just print more of.
None of these numbers make any sense in terms of how capital actually works. Is the government meant to take the profit in stocks? Because these billionaires aren’t selling that much stock each year and aren’t earning that much from CEO paychecks.
Not to say CEO paychecks aren’t obscene…
And what do you do when they pack up and move themselves and their companies to tax havens?
This entire thread is people who don’t understand how the system works.
That or they understand the system is broken
Naa I think a large chunk just think most of these guys have that in cash laying around. Someones liquid worth is a lot less than what they have. Everyone of these guys has their money tied to a company. If you make them sell the stock to cover the tax you’re going to watch these companies go under.
I’m not saying it’s a good system, just that it doesn’t work the way these memes act like they do.
Would you like to have the gov tax you on your entire worth? Probably not.