The wealth tax on its face seems to be based on this premise. How do you tax Bezos on 107.9 Billion dollars when it is almost entirely tied to Amazon stock? Selling too much stock will lower the price and could shake the company.
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AOC and her supporters think billionaires have billions of dollars in liquid assets They dont Selling assets is complicated, value is complicated, net worth is complicated and actually sometimes a bit nebulous So for the most part no, no one *has* a billion dollarshttps://twitter.com/AOC/status/1179237019043729410 …
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Bezos 2019 net worth is listed as 107 Billion Its mostly Amazon stock His income for 2018 was 1.68M which included securities and benefits His salary was about $81,000 Even at 1% wealth tax youre assuming he could liquidate 1.07 billion dollars in cash to cover that
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So lets say he does decide to sell off this stock there'd have to be a billion dollars in immediate demand for the stock the stock price would need to remain static, it won't Selling a billion dollars in stock will drop the price and bring a diminishing return per stock sold
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Its not about moving income offshore Its about starting a foreign company and investing there to avoid a heavy wealth tax that cant be paid. Imagine if Amazon started in Russia
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i guess its illegal to have a lot of money now according to AOC
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In our lives, neither of will probably ever see a million dollars. We might spend that in a life time, but we will never know what having a million dollars cash or in the bank looks like. Now take that million, which is so much money we will never see it, and add 999 million more
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"HAHAHA" - The Rothschilds
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AOC is a moron
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So your hot take is "math is too hard to call people billionaires"?
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She majored in economics so she either doesnt understand net worth or she is lying You pick If she doesnt know what shes talking about she shouldnt be advocating for destructive policy
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