4 ms·

Then I guess a wealth tax is not needed, billionaires are already giving away all of their money or starting new companies through direct investments, so they'r

Then I guess a wealth tax is not needed, billionaires are already giving away all of their money or starting new companies through direct investments, so they're no longer billionaires.

throwaway894345 4y ago
If you have a billion dollars and you invest all of it, you're still a billionaire (unless your investments tank). No billionaire keeps all of his money in cash.