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The South Park owners don't have a billion dollars in liquid wealth each. They have ownership of south park, which is worth billions. If you make them cut thei
by graeme 1y ago
The South Park owners don't have a billion dollars in liquid wealth each. They have ownership of south park, which is worth billions.
If you make them cut their assets down to $100 million each then they don't own South Park. And someone else gets to tell them what to write. Or they retire.
- saulpw 1y agoThe capital gains tax could be 90%+ on any gains over $10m (and 99% over $100m), so they can still sell out, but it would cap liquid wealth at $100m dollars. However, they would still have a billion dollars of ownership, and the societal power that comes with being a billionaire, as they can leverage those assets to great effect without selling them. (As Elon Musk didn't actually pay $44b for Twitter.) So I wonder if the government could levy a stock tax, in which every public stock was diluted by 1% per year, with non-voting stock going into a sovereign wealth fund. This would make for a gradual transition of companies from capitalist-owned to public-owned.
- Imustaskforhelp 1y agoOh I thought that they had that much money in liquid wealth. My bad.