Comment on But how would they be able to live on that?

Cypher@lemmy.world ⁨6⁩ ⁨months⁩ ago

So 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?

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