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Samsung group chairman Lee Kun-hee has died
51–60 of 67 posts
Re: Samsung group chairman Lee Kun-hee has died
#52Earlier quoted context omitted.
50% Inheritance tax would do wonders in the US. Honestly if you want the best people at the top then no one should start with a billion dollar advantage.
I believe in the US it's around 40 percent for billionaires.
The federal tax kicks in at $11.5 million (although that is scheduled to sunset in a few years). If you happen to die in the wrong state the rate can be as high as 60%
Re: Samsung group chairman Lee Kun-hee has died
#53Okay. Whattabout that inheritance tax situation?
Re: Samsung group chairman Lee Kun-hee has died
#54This reminds me of this tweet: https://twitter.com/oniontaker/status/1214540491577942017
50% Inheritance tax would do wonders in the US. Honestly if you want the best people at the top then no one should start with a billion dollar advantage.
On the other hand the government should not just steal half a family's wealth just because a guy died.
Re: Samsung group chairman Lee Kun-hee has died
#55As a Samsung employee, I'm a bit worried if there could be a governance dispute. Due to the Samsung Group not having a holding company, and the high amount of the inheritance tax in South Korea, the current major stockholder Lee Jaeyong, who is the son of Lee Kunhee, may have some difficulties maintaining the current governance. I hope this does not lead the company to a crisis.
Re: Samsung group chairman Lee Kun-hee has died
#56Earlier quoted context omitted.
It's quite amazing how some pieces of conspiracy is so readily accepted while some others are vehemently denied to the point where people are sent to jail over it.
It’s a rumour that would have been easy to disprove if he was well.
What would be the benefit of disproving such a rumour? No company is going to turn down business with Samsung either way, while a public showing that you are fit may contradict your lawyers in their (current or near future) attempts to dodge subpoenas.
Re: Samsung group chairman Lee Kun-hee has died
#57Earlier quoted context omitted.
There is absolutely no problem with liquidating a $7B slice of equity in a matter of weeks (probably even days). People don't appreciate just how enormous the capital markets are.
If it is a single stock it may still affect the price. That’s why big sell-offs are usually done over a long period of time, like weeks. People also don’t appreciate just how small the capital markets are and how much they rely on market makers.
Weeks because you may need an actual human broker to find you counterparties.
Re: Samsung group chairman Lee Kun-hee has died
#58Earlier quoted context omitted.
Seems that more leverage and more debt is in fact the answer to everything. BRB, need to take a second mortgage to buy more equity index funds. I will then use the fund shares as a collateral for another loan, and you get the idea. I wonder why hasn't anyone thought of it yet! Time for a YC application!
I don't think zeroing out home equity to buy bonds is a bad idea. After all, you either have real estate exposure or some other one, bond or equity exposure. While I haven't done the analysis, I would venture to guess that investment grade bonds at the very least have lower volatility than real estate.
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Re: Samsung group chairman Lee Kun-hee has died
#59Earlier quoted context omitted.
Do you think the investment grade bonds are going to yield better than the interest rate on a home mortgage ?!?
Yeah I doubt a bond would pay that well.. but he does have a point about risk exposure. Your mortgage could be thought of as an investment in the local real estate market.. diversifying that risk by buying shares in a REIT could be a good strategy... especially if you're in a low-growth area (ie outside of the big cities, midwest, etc).
Hey, here's a shockingly simple idea: don't buy a home if you don't want equity, rent instead.
Re: Samsung group chairman Lee Kun-hee has died
#60This reminds me of this tweet: https://twitter.com/oniontaker/status/1214540491577942017
It's to any source corroborating that whistleblowers were disappearing and ending up dead?