@[email protected] to [email protected] • 9 months agoLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.caexternal-linkmessage-square127fedilinkarrow-up1598arrow-down147
arrow-up1551arrow-down1external-linkLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.ca@[email protected] to [email protected] • 9 months agomessage-square127fedilink
minus-square@[email protected]linkfedilink2•9 months agoRight. So when they sell, they’ll get taxed. You can’t spend shares.
minus-square@[email protected]linkfedilink3•9 months agoThe problem is that’s basically what billionaires do, though. They take out loans with their shares as collateral. So on paper they have huge debt, but it’s minuscule compared to their wealth.
Right. So when they sell, they’ll get taxed. You can’t spend shares.
The problem is that’s basically what billionaires do, though. They take out loans with their shares as collateral. So on paper they have huge debt, but it’s minuscule compared to their wealth.