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TopicJeff Bezos (Amazon) is now worth 0ver $150billion Bucks...
Questionmarktarius
07/23/18 11:07:23 AM
#39:


Kyuubi4269 posted...
Just for the sake of arguement, couldn't the government establish a tax of this value against these people, place no loopholes for their buddies and make a fund on predicted tax revenue? Ultimately the government could fine them for a greater value if not paid and have their stuff repossessed to claim the lost revenue.

Taxing someone's vague "net worth" just leads to Wealth Flight, and disaster for anyone who can't flee.

http://www.dailymail.co.uk/news/article-4932482/Wealth-tax-forces-12-000-millionaires-YEAR-France.html

https://www.telegraph.co.uk/news/worldnews/europe/france/11187602/The-wealth-tax-a-tax-on-the-rich-that-cripples-the-poor.html
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