Stock evaluations have value, and they’re already taxed upon realization of gains. The meme says we should take away Billions of Elon Musk’s stock shares every year, but idk that sounds like a pretty vague and unsustainable plan. Maybe it could work? Most companies would probably just go private and do a series of offerings to lower evaluations. We need to at least clearly define a bracket of who it effects, is it any stock shares amounting above 1 Billion? 1 Million? Also, why is the rate in the meme a 2.98%?
It’s just not a plan. It’s the opposite of a plan, it’s a desired end result with no details at all.
So are you arguing that stock valuations mean nothing?
billionaires make it difficult to judge their worth… because as pointed out they are trying to not pay taxes.
I’m arguing that by FlyingSquid’s own assertion that the Mass. wealth tax could be copied that the numbers make zero sense.
What’s not to get here? Read what he claimed and read the link he provided.
Stock evaluations have value, and they’re already taxed upon realization of gains. The meme says we should take away Billions of Elon Musk’s stock shares every year, but idk that sounds like a pretty vague and unsustainable plan. Maybe it could work? Most companies would probably just go private and do a series of offerings to lower evaluations. We need to at least clearly define a bracket of who it effects, is it any stock shares amounting above 1 Billion? 1 Million? Also, why is the rate in the meme a 2.98%?
It’s just not a plan. It’s the opposite of a plan, it’s a desired end result with no details at all.