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What happens if they are forced to sell stock in companies they founded and control, and after the sale they no longer have a controlling interest?
by influx 3y ago
What happens if they are forced to sell stock in companies they founded and control, and after the sale they no longer have a controlling interest?
- ragestorm 3y agoThey pay 2% on their wealth.
- influx 3y agoTheir wealth is usually stock in companies they founded.... Billionaires don't sit around with a billion dollars in their checking accounts.
- eli 3y agoThey don't sit around with zero dollars either though, right? Even without a wealth taxes there are situations where someone may need to borrow or sell assets to cover a tax bill. The billionaires will be ok.