3 ms·

Wealth taxes are supposed to be paid in cash not stock so he would have to liquidate of the stock

• valuearb 9y ago
  What's your point? You are still taking part of the founder's control away, and giving it to some third party. Bezo's has paid a huge amount of taxes on shares of stock he's actually sold. He shouldn't have to pay taxes on money he hasn't received or is even able to spend yet. What's best for Society is that both he and his capital remains in Amazon as long as possible as investment, not being turned into consumption (which would slow Amazon's growth rate down, slow it's ability to increase productivity and raise our standard of living).
  • potlee 9y ago
    > He shouldn't have to pay taxes on money he hasn't received No one should have to pay taxes ideally, but the government needs money to provide basic services, keep us safe, etc. I don't think it is better to tax salaried people some of who can barely make ends meet before taxing someone who is sitting on $70 on unrealized capital gains just because he chooses not to sell.
    • valuearb 9y ago
      That $70B in unrealized gains is funding higher paying jobs for hundreds of thousands of people.