If you’re investing in something, you’re injecting some effort or resources into it that improve it over the long term. This means you’re not going to be impacted by capital gains taxes anytime soon.
These people aren’t “investor”, they’re speculating vultures. The only thing they’re interested in improving is their place in the personal wealth hierarchy.
We don’t need them. Eat 'em all.
“…and receives well compensated board position at random corporation.”
“Billionaire Nepo Baby Sitting on Massive Unrealized Capital Gain Windfall Upset He Will Pay Fair Taxes”
There, I fixed it for you.
You could argue they’re still actually paying below their fair share, just slightly less so.
0.1% people using million dollar trust funds to get their names on buildings suddenly find out they need to pay more on profits above 250 000.
Glad that they’re gone now.
Getting rid of him seems like it was the smart move.
