4 ms·
Why assume it wouldn’t sell shares? If the state can take 5% ownership, it can sell that 5% for profit, and come back for another 5% next year. Ideally the rule
by sbayg 3mo ago
Why assume it wouldn’t sell shares? If the state can take 5% ownership, it can sell that 5% for profit, and come back for another 5% next year. Ideally the rules on when to sell would be systematic, or made by a neutral bipartisan committee of advisors, but I suspect maybe it would be just be up to the treasury (like the crypto it now holds).
- ragebol 3mo agoComing back for another 5% seems unlikely. But the whole thing is unlikely and uncommon, so what's it matter?
- sbayg 3mo agoStrange conclusion to reach. Taxes are generally assessed periodically (annually for income, property taxes, etc…). Time is money. The tax assessor always comes back for more, as long as there is more to tax.