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We're not talking about old people here that acidentally stumbled upon something that has really sentimental value to them but is also worth 150 billion. Stop
by j-pb 6y ago
We're not talking about old people here that acidentally stumbled upon something that has really sentimental value to them but is also worth 150 billion.
Stop mixing billionaires and millionaires.
Having billions is unfair by definition.
- lotsofpulp 6y agoAll I’m asking for is some specifics. Is someone with $999M “worth” of assets not forced to sell than someone with $1B? Is it setup marginally so anyone over $x is forced to sell y%? What are x and y? That is what I’m interested in. What if the sale price doesn’t match up with the valuation amount? What happens if a majority shareholder is forced to sell and it results in them becoming a minority shareholder? Does that mean one is forced to give up control of their business after a certain size? Yeah, we all agree extreme income inequality is bad. That’s the easy part.
- j-pb 6y ago> What if the sale price doesn’t match up with the valuation amount? Then you don't have to sell as much as you thought. > What happens if a majority shareholder is forced to sell and it results in them becoming a minority shareholder? Works as intended. Companies this size should be broken up under monopoly laws anyways. > Does that mean one is forced to give up control of their business after a certain size? Now you're getting the spirit! Also, monopoly laws.