Please go easy on the downvotes—the point here is to try to understand a perspective that many of you probably won’t share.

  • IrateAnteater@sh.itjust.works
    1·
    6 days ago

    You could simply take their money.

    Except this is far from a simple thing to do, since a vast majority of the wealth isn’t money.

    For a more realistic option, I think that ending the practice of borrowing against stocks as a method of dodging taxes would go a long way towards getting billionaires to pay their share.

    • Steve@communick.newsEnglish
      2·
      6 days ago

      It kind of is simple. They have to sell stuff.
      It’s up to them how to do that.

      Say we tax them at 15% of US assets after the first $1B. That’ll slowly widdle them down.

      • IrateAnteater@sh.itjust.works
        2·
        6 days ago

        So here’s a scenario:

        You started a website, and this website became enormously popular. The company you started to run this website is now worth a couple billion dollars. You’re not an asshole, so you pay your employees generously and take an equal wage for yourself. You weren’t in a rush to grow, so you never took venture capital or became publicly traded.

        As the sole owner of that company, you are technically worth a couple billion dollars, but your sellable assets are nowhere near that 15%. How is the law supposed to handle this situation without further making enshitification legally mandatory?