Summary
A U.K. court ruled police can seize $3.3 million in frozen assets from Andrew and Tristan Tate over unpaid taxes.
The funds, held in seven bank accounts, stem from $26.5 million in revenue allegedly earned tax-free from their online businesses.
Chief Magistrate Paul Goldspring called their actions a “straightforward cheat” to evade taxes, while Tate labeled the ruling “outright theft” and a “coordinated attack.”
The brothers, already under house arrest in Romania for human trafficking charges, face additional allegations in the U.K. They deny all accusations.
I was thinking about this the other day when they mentioned just how rich billionaires are. It’ll never happen, but if governments of the world wanted to could they just seize all of Musks or Bezos’ assets? It’s all made up anyway, right?
Yes, assuming they found a benefit to doing so. We could/should nationalize spaceX at least. Tesla and Twitter is harder to argue, the boring company hasn’t really been much of anything, but could easily be nationalized as well, for security and infrastructure.