grte@lemmy.ca to Canada@lemmy.ca · 1 年前Let’s Set a Maximum Wage for the Rich | The Tyeethetyee.caexternal-linkmessage-square139fedilinkarrow-up1612arrow-down148
arrow-up1564arrow-down1external-linkLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.cagrte@lemmy.ca to Canada@lemmy.ca · 1 年前message-square139fedilink
minus-squaredangblingus@lemmy.dbzer0.comlinkfedilinkarrow-up2·1 年前Right. So when they sell, they’ll get taxed. You can’t spend shares.
minus-squaremaxprime@lemmy.mllinkfedilinkarrow-up3·1 年前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.
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.