Earlier quoted context omitted.
Do "these people" include entrepreneurs with equity in startups with rapidly increasing value but no way to take money off the table? It doesn't take much to cross "$100m in assets" as a startup, say, $2.5M in revenue at 40x valuation (or $5M at 20x, etc.), even while loss-making. How should the founders and equity investors in a bootstrapped high growth unicorn that is neither public nor profit-making handle this pr…
> Do "these people" include entrepreneurs with equity in startups No it doesn’t, you’re arguing using a straw man here. They need to be publicly traded securities to be taxed as I understand it. Also paying taxes is a public good, even if you’re exceptionally wealthy.
Can be a public good if it's spent well. The US has spent how many trillions killing innocents the last 25 years? How many trillion were spent building ridiculous layers of redundancy on our nuclear deterrent (that we then smashed)?
Public good!