I absolutely love the total meltdown Silicon Valley Twitter is having over Warren’s wealth tax. And they’re all getting stuck on the details. Let’s see how far we can push this Overton window!
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Replying to @thijsniks
So far I’ve only seen calculations based on 0% annual return, as if every billionaire keeps their cash underneath their mattress. It’s a dishonest argument at best.
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Replying to @ronaldmannak @thijsniks
I’ve also heard the argument if you’re 100% illiquid, like owning a large stake of a startup, it’s hard to keep the majority. That could be easily mitigated by excluding large stakes in companies.
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Replying to @ronaldmannak
Yup, illiquidity is the biggest I have heard. And while it’s a real issue, there are definitely ways to solve for that
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Replying to @thijsniks
I’m not 100% sure they are open to solutions. The “discussions” often end with that they would rather vote for trump (“I’m not a racist, but...”)
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I think that’s the most important aspect and also why people went after Bill Gates: If you look at the current candidates and can’t see how extreme Trump is, your judgment and privilege should be questioned
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