You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
We need to talk about this until the media deigns to mention it. The major innovation hubs have paper millionaires (and billionaires) whose "wealth" is primarily ownership of their own fast-growing companies. Do we want them forced to liquidate or take massive loans against that?https://twitter.com/Jason/status/1193218506491228160 …
A wealth tax is fundamentally different from income or capital gains taxes. It's perfectly coherent to advocate higher taxes — even *much* higher taxes — and still balk at a new experiment in taxation that actively **advertises** undermining the tax base over time
Why hasn't the media caught on to the fact that proposing to fund extremely expensive long-term projects with taxes that are actually intended to produce declining revenues year over year is fucking insane?
If we actually do this, it'll represent the greatest theft from our children and grandchildren in our nation's history. It's not eating the seed corn, it's setting the whole silo on fire to warm our own toes.
Even assuming you'll trap every millionaire + billionaire residing in the US with massive exit taxes, the next generation of founders will not come. If you're planning to feed yourself from whatever you catch in a box marked "Idiot Trap: Enter Here," you'll soon be very hungry
California has a massive wealth tax called property tax. You don't have to sell your house or condo to pay the taxes; you anticipate the tax and plan for it. Most people pay into an escrow account as part of each month's mortgage payment.
If you can't figure out how to keep a small fraction of your vast $1b+ fortune liquid, even if most of your fortune is tied up in equity, maybe you need to balance your portfolio & priorities.
This level of nuance presumes wealth tax proponents care about maximizing social welfare and not just sticking it to the rich for being too successful
A presumption that is certainly not always safe to make.
Let the IRS take payment in kind (shares, options, etc) as an option for payment. Then you don't have to worry about liquidity or pricing them perfectly or getting full market value in a fire sale.
Can't. Taxes paid in USD is part of how you maintain a sov. currency.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
