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Islam's Zakat system provably works. Just read history. > If Bezo's was forced to liquidate say 2% of his ownership in Amazon to satisfy his wealth tax Excep
by apta 6y ago
Islam's Zakat system provably works. Just read history.
> If Bezo's was forced to liquidate say 2% of his ownership in Amazon to satisfy his wealth tax
Except nothing I explained about Islam's Zakat laws force anyone to liquidate in the manner you're describing. Note I said cash money. Stocks are not cash money, and hence will not be taxed in the same way I explained. Ownership in companies is subject to things like debt, which will reduce the amount of money paid out.
Islam's Zakat is different from the wealth tax some leftists are trying to push today as you're describing.