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Forget Bezos, this is essentially EVERY successful founder in the country selling off 2-3% of their stake in their own companies *every year,* regardless of performance. This is what it looks like to butcher the milk cow alive
The appeal of the wealth tax is that it makes the rich poorer. Whatever you think about the particulars of current tax schemes, they were broadly meant to avoid creating zero-sum games. The zero-sum game is the point, here. This is a policy reverse-engineered to guarantee losers.pic.twitter.com/9atXRgUVo3
A wealth tax also means that the founders, who really care about their company and employees, lose control of their enterprise to financial managers primarily concerned with quarterly and annual reports. Expect bad business decisions and lots of layoffs.
Has making the rich poorer ever made the poor richer? Or does it just further the concentration of wealth as scarcity fuels fear which fuels hoarding? Seems the better solution would be to incentivize a wage war not create panic amoung the top.
Both at the same time.
The appeal to me has always been the positive-sum goal of increasing the velocity of money. I also tend to think inequality is causally related to violent revolution, so impoverishing the rich may be an end in itself at times.
"loosers"?!? I guess I'm not seeing the huge issue with multi-milionaires being slightly less wealthy multi-milionaires. I have no idea why this would even matter.
What’s wild to me is how you can replace wealth with carbon or sugar or congestion and her statement still makes sense conceptually. It is so telling what kind of worldview advocates of these things have.
I'd really like to hear a good explanation for how the latest Trump tax cut was not meant to explicitly select winners and losers. From where I sit, owners of pass-through entities won big time, whereas paycheck-depending shmucks got a fake cut and a real loss of services.
The obscenely rich indulge in tax evasion on monumental scales,taking advantage of every trick legal or not to minimise,while paye get shafted every week.
Perhaps it would be more charitable to believe that the wealth tax's advocates are motivated to help the poor, ASSUMING it's a zero sum game, rather than being directly motivated to take from the rich.
It sure *looks like* a zero-sum game. The top one percent have done remarkably well while the middle class has shrunk.
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