@[email protected] to [email protected] • 1 year 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] • 1 year agomessage-square127fedilink
minus-square@[email protected]linkfedilink2•1 year agoRight. So when they sell, they’ll get taxed. You can’t spend shares.
minus-square@[email protected]linkfedilink3•1 year 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.