3 ms·
> Is it worth $44 billion, $22 billion or is it a Superfund site that has negative value? How does the owner get the cash? It would be worth the last buying p
by fakedang 3y ago
> Is it worth $44 billion, $22 billion or is it a Superfund site that has negative value? How does the owner get the cash?
It would be worth the last buying price for that owner, that is $44 billion. Gives an incentive to negotiate down as much as possible, instead of buying at inflated prices. The seller pays capital gains and the buyer pays a wealth tax on the asset.
It doesn't matter if Twitter is a negative income entity, if it is ascribed some value. It would essentially become the equivalent of a white elephant. There used to be a time in India when people who did not have an income but had lots of erstwhile assets (usually upper caste folks with zero skills) would sell off their properties just so they didn't have to pay wealth tax. That was essentially how my parents bought their first property.
The caveat is that enforcement is going to be a bitch, black money will proliferate in the market but if digitally maintained, collection could be streamlined.