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Unrealized income is not real. He's not hording anything. The economy is not zero-sum. Elon getting paid (if he sells his stock or exercises his options) takes
by slowmovintarget 5y ago
Unrealized income is not real. He's not hording anything.
The economy is not zero-sum. Elon getting paid (if he sells his stock or exercises his options) takes nothing from you.
- orwin 5y agoDebt issued with stock options as collateral should be taxed as much as income though, as this is basically income. And if you fall in the 37% tax bracket, tough luck. Most people don't understand how top management earn money, and focus on "income" from stock growth, but the reality is that Musk is not the only one gaming the system, and the system should be fair for everyone.
- slowmovintarget 5y agoDebt is not income, and no, it should not be taxed as such. Do close the tax loopholes. Do fix the perverse incentives to sink money into stock speculation rather than reinvestment (goods, labor, new production). Fix the input, don't try to equalize the output with destructive measures.