5 ms·
A clever twist in Warren's proposal is that the Government has the right to buy your property for whatever you've listed it for. Now I'm sure any attempt to ac
by tomelders 7y ago
A clever twist in Warren's proposal is that the Government has the right to buy your property for whatever you've listed it for.
Now I'm sure any attempt to actually do that would end in a court case, but it's not really worth the risk to the owner of said wealth to offer the government all your Rembrants at bargain basement prices.
- sfg 7y agoOnly the government for privacy's sake?
- offshore1243 7y agoA clever twist for the billionaire would be just to offshore their assets so the US government can't seize them
- offshore4432 7y agoCouldn't they just offshore their assets?
- joncrocks 7y agoWhat value goes down on paper? The value that something has to you? The price that someone else would pay? Let say you have Warren Buffett's shoes. Warren Buffett paid $X for those shoes. A pair of new shoes would cost him $Y. Someone might pay $Z as they are Warren Buffett's shoes. Someone might pay $V just to inconvenience Warren (so he would have to go to the shoe store). Maybe they have some sentimental value to Warren, so he would pay $T not to lose them. What are the shoes worth?
- mcphage 7y ago> What value goes down on paper? The value that something has to you? The price that someone else would pay? I mean, I don't know anything beyond what the person you're responding to said, but they made it pretty clear: > the Government has the right to buy your property for whatever you've listed it for
- foogazi 7y agoWhy is the government buying property?