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> Not an easy process to determine net worth of anyone let alone someone like Vinod. Most likely he does not even know his net worth. Maybe it's not easy, but
by 394549 8y ago
> Not an easy process to determine net worth of anyone let alone someone like Vinod. Most likely he does not even know his net worth.
Maybe it's not easy, but he definitely has the ability to figure out how much he's worth, even if it means he has to pay a team of accountants.
I think such a system would be workable if it mandated the offender provide a good-faith calculation of their net worth. They'd also be required to show their work, and be subject to harsh penalties if they were found to have deliberately cheated. This is basically how the tax system already works for income.
- charlesdm 8y agoThis gets complex quickly. What if the property is owned by a company, which in turn is owned by a foreign foundation? Does he actually own the property? Should he be personally liable for that fine because he lives in the property? Should the fine be assessed on the property value? Plenty of questions unanswered, that likely require legislation at various levels in government. I'm not saying it's not a good idea, but this requires more work than some people are assuming. Khosla will be dead before any proper legislation without viable loopholes gets enacted.