Unrealized wealth isn’t a thing though. You’re mixing it up with unrealized gains (edit: an already quite dubious concept) Stock is wealth, just like your house.
Yeah, exactly. If unrealized wealth isn’t a thing, why do property taxes increase even if you haven’t sold your home? After all, your home going up in value isn’t realized until you sell the property. It’s almost as if the federal government knows that unrealized gains are BS, but they only want to bother with taxing the poors. Because if they started taxing unrealized wealth, that would target the rich. And we can’t have that.
This doesnt line up with the source data…
It sorta seems like they picked random people lol
Also they are mixing together actual wealth with people’s unrealized wealth…
Indeed, this looks very unserious.
Unrealized wealth isn’t a thing though. You’re mixing it up with unrealized gains (edit: an already quite dubious concept) Stock is wealth, just like your house.
Yeah, exactly. If unrealized wealth isn’t a thing, why do property taxes increase even if you haven’t sold your home? After all, your home going up in value isn’t realized until you sell the property. It’s almost as if the federal government knows that unrealized gains are BS, but they only want to bother with taxing the poors. Because if they started taxing unrealized wealth, that would target the rich. And we can’t have that.
Yes, this.
It amazes me how quickly ppl will defend/repeat oligarch propaganda on the subjects they don’t (want to?) understand.
My bad, you are definitely right there, in which case the graph is… a bit more correct.
https://www.cbo.gov/publication/60807
one trillion = 1,000 billions
~$2 trillion in 5 people: Elon, Larry page, Sergey Brin, Jeff bezos, Larry Ellison https://www.forbes.com/real-time-billionaires/
5 people own 10% of the wealth?
That sounds closer to the numbers I know of
Feels a little AI