Let’s Set a Maximum Wage for the Rich | The Tyeethetyee.caexternal-link grte ( @grte@lemmy.ca ) Canada@lemmy.ca • 4 months ago message-square56fedilinkarrow-up1303
arrow-up1303external-linkLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.ca grte ( @grte@lemmy.ca ) Canada@lemmy.ca • 4 months ago message-square56fedilink
minus-square dangblingus ( @dangblingus@lemmy.dbzer0.com ) linkfedilink1•4 months agoRight. So when they sell, they’ll get taxed. You can’t spend shares.
minus-square maxprime ( @maxprime@lemmy.ml ) linkfedilink2•4 months agoThe problem is that’s basically what billionaires do, though. They take out loans with their shares as collateral. So on paper they have huge debt, but it’s minuscule compared to their wealth.
Right. So when they sell, they’ll get taxed. You can’t spend shares.
The problem is that’s basically what billionaires do, though. They take out loans with their shares as collateral. So on paper they have huge debt, but it’s minuscule compared to their wealth.