• 0 Posts
  • 3 Comments
Joined 12 hours ago
cake
Cake day: June 30th, 2025

help-circle

  • But could this really be done? As far as I’ve understood, billionaires typically don’t have a billion liquidized and ready for spending. Rather, their value is distributed in ownership of several companies. How would the 100% taxes on ownership in companies be applied?

    Don’t get me wrong, I would love to see it work, but I feel like it’s a lot more complicated than stated. And if a good way of applying those taxes would be introduced, I’m sure the billionaires would either find new ways to make the money untouchable or personally move to a country with looser tax laws.