anna_lillith 🇺🇦🌱🐖
aura-deprecated@anna_lillith true but also, no billionaire is actually a billionaire on paper, their valuation is based on things they have control over - often very indirectly, not their bank statement. even if we wanted to tax the rich to shit, we'd have to dismantle so many layers of indirection it boggles the mind
@anna_lillith here's a fun example: if the rich need money, they don't turn income that hasn't had taxes paid on it into liquid tax-paid-for money, they borrow on unrealized profits at almost 0%, spend it all and either write it off as a loss or just borrow more money to pay off the old loan.