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Joined 2 years ago
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Cake day: August 6th, 2023

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  • I dont think taxing them will accomplish much. its also trivial for corporations to evade taxes, and all of the big ones do.

    I think the ease of raising money is part of the problem. Loads of tech companies way over-raise, and develop into bloated cancerous messes that have no way of ever realizing the growth that would have to exist to warrant the investment theyve been given.

    In the first place, the only way their investors even expect make anything back would be by reselling the stock, making it a ponzi asset.

    The entire system is just propped up by peoples 401ks being funneled to institutional investors. Its inherently unstable.

    Make social security good enough that middle class citizens dont need to invest, and the overinflated value of stocks plummets back to earth.




  • Well, if you want to tax billionares out of existance u need a wealth tax, aka unrealized gains.

    taxing unrealized gains is just going to force individuals to sell their business to liquidate the cash to pay their taxes. Institutional traders will buy them up, so youre universally taking control out of the hands of people and giving it to banks and hedgefunds, which will just end up owning eachother.

    I dont think any billionares exist that made their money in some other way than selling stocks in a business they acquired at a lower value, aside from inheritance or divorce.

    Maybe you do implement a wealth tax anyway though, but you do it after abolishing stocks, just to catch the loopholes.