Comment on But how would they be able to live on that?
somethingp@lemmy.world 5 months agoYou make it sound like factories don’t actually net them profit LMAO. Even after paying taxes they’re still making money. If they weren’t, it would be a terrible business. Also what do you mean sell them to whom? Other billionaires that still exist even with a wealth tax, non billionaire investors, international investors. If they can’t find someone to sell their shares to, then clearly their shares are overvalued and that’ll take care of some of the problem in itself.
DreamlandLividity@lemmy.world 5 months ago
Once again, billionaires don’t have large sums of money in their banks. It is all invested. So if all of them in the country have no money and need to sell to pay these massive taxes, who are they selling to?
And sorry to say this, but if you genuinely think selling a significant portion of a countries industry/businesses to foreign investors could be good for the people of the country, than I wasting my time here.