4 ms·
I feel as though if a corporation is hoarding billions of dollars worth of wealth (without reinvesting it or doing something positive to the economy with it) th
by asynchronous 3y ago
I feel as though if a corporation is hoarding billions of dollars worth of wealth (without reinvesting it or doing something positive to the economy with it) then I do think society should incentivize them by taxing the hoard.
- lazide 3y agoAt some point that hoard has to go somewhere or do something no? It gets taxed then. Even if it just inflated the share price, if the shares get traded, there are capital gains taxes.
- medvezhenok 3y agoHave you heard of the buy, borrow & die strategy? Basically once you are rich enough, you can live off of loans collateralized by your property/stocks and then after you die the cost basis gets stepped up to market value thereby avoiding capital gains taxes for your descendants.
- lazide 3y agoLast I heard, Elon ended up paying one of the largest tax bills of a private individual - ever. It works until it doesn’t.