[flagged]
Elon Musk Becomes First Person Ever to Lose $200B
21–25 of 25 posts
Re: Elon Musk Becomes First Person Ever to Lose $200B
#22[flagged]
You are a user of this site. Stop projecting like we are some hivemind entity.
Re: Elon Musk Becomes First Person Ever to Lose $200B
#23It's shows just how pointless it is to have this much money and only bad things come from it. Tax anything above 1 billion at 100%. If that isn't realized gains do not allow them to borrow against it. No loop holes. The US and others managed to set a global minimum coorperate tax so this is doable.
100%? Really? Just take it all away? There must be a middle ground between the former 95% top rate and the current near-zero rate. Yes, no one paid the 95%, I realize - the loopholes have always existed.
The point is NOT to take all of your money away, but to force you to RE-INVEST the money into growth and your employees. Otherwise you are just inviting schemes like stock buybacks and dark money flow into Washington DC, to make all of that legal.
Re: Elon Musk Becomes First Person Ever to Lose $200B
#24Re: Elon Musk Becomes First Person Ever to Lose $200B
#25It's shows just how pointless it is to have this much money and only bad things come from it. Tax anything above 1 billion at 100%. If that isn't realized gains do not allow them to borrow against it. No loop holes. The US and others managed to set a global minimum coorperate tax so this is doable.
100%? Really? Just take it all away? There must be a middle ground between the former 95% top rate and the current near-zero rate. Yes, no one paid the 95%, I realize - the loopholes have always existed. The point is NOT to take all of your money away, but to force you to RE-INVEST the money into growth and your employees. Otherwise you are just inviting schemes like stock buybacks and dark money flow into Washington…
Why not? No individual needs that kind of money.
I don't want billionaires running charities deciding who gets what. I want elected governments to do that. (yes I know the US government is wasteful and incompetent but not all governments are). The wealth these people have acquired is because of the public and the public should benefit from the excess.