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> small in comparison to the amount of his wealth that is represented by stock in amazon That wealth should also be taxed. What makes stock ownership somehow
by surgical_fire 1y ago
> small in comparison to the amount of his wealth that is represented by stock in amazon
That wealth should also be taxed.
What makes stock ownership somehow holy that should be protected from taxation?
We should stop conflating what a company generates as a consequence of their activity with the glorified gambling of the stock market.
- eru 1y agoStock ownership isn't protected from taxation: there's capital gains tax to be paid (in many countries). > We should stop conflating what a company generates as a consequence of their activity with the glorified gambling of the stock market. Well, that might be a valid point for some people, but it's pointless for Zuckerberg or Bezos or Bill Gates or even Musk: those guys have been mostly holding their companies' stocks for ages. They don't buy and sell all the time. No 'glorified gambling the stock market' there. In any case, I brought up stock ownership as a concrete example of wealth that doesn't just site 'idle' in a vault somewhere. It's a claim on a productive enterprise that is only worth something because it serves customers and employs people etc.