- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Biden Embraces G20-Proposed 2% Wealth Tax To Battle 'Racial Wealth Inequality'
Posted on 4/29/24 at 7:25 pm to Placekicker
Posted on 4/29/24 at 7:25 pm to Placekicker
A 2% wealth tax on the super rich is a great way to tank everyone’s portfolio.
Do these idiots not understand that billionaire wealth isn’t often liquid?
A 2% wealth tax would cause big downward movement in asset prices as billionaires sell their shares to come up with the money for the tax bill
Do these idiots not understand that billionaire wealth isn’t often liquid?
A 2% wealth tax would cause big downward movement in asset prices as billionaires sell their shares to come up with the money for the tax bill
4
Posted on 4/29/24 at 11:28 pm to HailHailtoMichigan!
quote:
A 2% wealth tax on the super rich is a great way to tank everyone’s portfolio.
Do these idiots not understand that billionaire wealth isn’t often liquid?
A 2% wealth tax would cause big downward movement in asset prices as billionaires sell their shares to come up with the money for the tax bill
Oh they know.
Posted on 4/29/24 at 11:42 pm to HailHailtoMichigan!
quote:
A 2% wealth tax would cause big downward movement in asset prices as billionaires sell their shares to come up with the money for the tax bill
How would they enforce this? Who is going to value closely held entities? The IRS will get smoked every step of the way.
As my mentor told me before my first tax trial: “don’t worry. If they were a good attorney…they wouldn’t still be at the IRS”
Posted on 4/30/24 at 12:19 am to HailHailtoMichigan!
quote:
A 2% wealth tax on the super rich is a great way to tank everyone’s portfolio.
Do these idiots not understand that billionaire wealth isn’t often liquid?
A 2% wealth tax would cause big downward movement in asset prices as billionaires sell their shares to come up with the money for the tax bill
But no more mean tweets. You should be thrilled.
Posted on 4/30/24 at 6:05 am to HailHailtoMichigan!
quote:
Do these idiots not understand that billionaire wealth isn’t often liquid?
They don't. They think "rich" and "wealthy" are synonymous (or at least close enough for the difference to not matter). Because they don't understand the difference they see poverty as just the lack of having money, not that it's a mindset. As such, their "solution" simply addresses the symptom instead of the root cause, thus it ultimately fails (like those who win massive lotteries but then are broke just a few years later).
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News