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| Topic | Wealth shown to scale. |
| Damn_Underscore 07/11/21 12:10:35 PM #60: | Vermander posted... I think we need to stop pretending like Bezos has 185 billion or liquidated cash laying around. This is net worth of assets. He definitely has enough money to do whatever he wants to, or at least he has easy access to it. When you start to to talk taxation, though, this becomes a lot more complicated. Basically all of the liquid wealth he has will be capital gains rather than income. So that recent story about how billionaires pay nothing in income taxes was totally misleading. A possible solution would be increasing the upper capital gains tax rate, but I believe they are relatively low now on purpose to facilitate asset quality trading. Another possible solution is a wealth tax, but there are obvious issues with forcing people to sell their financial assets. It would not be good for the stock market and other financial markets. --- Super Nintendo Sega Genesis ... Copied to Clipboard! |
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