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> Moron As opposed to needlessly pedantic hackernews readers deliberately miss the point of the exercise? It doesn't matter if musk is hoarding jelly beans, pe
by mhh__ 4y ago
> Moron
As opposed to needlessly pedantic hackernews readers deliberately miss the point of the exercise? It doesn't matter if musk is hoarding jelly beans, people don't realize just how rich billionaires are.
Personally I am a temporarily embarrassed startup founder so I'm alright jack
- kortilla 4y agoThe point of the exercise is based on a fundamental understanding of wealth vs incomes. There is nothing to miss because the whole point pushes a misinformed narrative that makes you think billionaires have cash to just take.
- cauefcr 4y agoUnless they want to buy Twitter, then somehow it transfers.
- mhh__ 4y agoThe fundamental nested misunderstanding is that the wealth vs income misunderstanding doesn't matter unless you're making a finicky point about the way equities work.
- kortilla 4y agoIt absolutely matters because it chances the whole concept to retaxing more of peoples existing assets just because they appreciated in value. People for wealth taxes muddy this because the support for taxing things before any gains are realized is really thin.