It’s not, not the problem is trying to tax wealth, specifically unraised gains from stock value is a problem no one knows how to solve.
If you tax unraised gains, the cost ultimately goes to the customer. And it’s you force them to sell the stocks, it would crash the bubble economy and they will just find another alternative to stock assets. It would basically be perks retirements paying for the tax. The money comes from somewhere when you tax money that doesn’t exist.
But how does that help everyone? If we nationalized the stocks, the value is then like Tesla would go from pe 300 to pe 30. It would wipe out 800 million overnight just on that one company.
Is this supposed to be a gotcha or something? This has got to be a bot
It’s not, not the problem is trying to tax wealth, specifically unraised gains from stock value is a problem no one knows how to solve.
If you tax unraised gains, the cost ultimately goes to the customer. And it’s you force them to sell the stocks, it would crash the bubble economy and they will just find another alternative to stock assets. It would basically be perks retirements paying for the tax. The money comes from somewhere when you tax money that doesn’t exist.
I was responding as if your comment referenced the headline. I don’t really think it’s defensible to be a billionaire.
Maybe just nationalize their assets then?
But how does that help everyone? If we nationalized the stocks, the value is then like Tesla would go from pe 300 to pe 30. It would wipe out 800 million overnight just on that one company.