• @IcePee
    link
    12 months ago

    While I agree with the sentiment it’s worth noting that this wealth isn’t usually liquid. It’s tied up in other assets. Like shares in companies. Liquidating those shares to pay a wealth tax will also dilute their influence in those companies. Not to mention liquidation comes with additional taxes.

    • 🦄🦄🦄
      link
      fedilink
      82 months ago

      Who cares. Make them sell their toys or seize them, if they refuse.

      • @IcePee
        link
        12 months ago

        I wonder how having assets seized would affect their tax return. It could be that it would be beneficial for them to put up a fight and get the assets seized instead of liquidating them and then being subject to a huge tax bill.

        • 🦄🦄🦄
          link
          fedilink
          12 months ago

          The asset’s worth should be at least the value owed in taxes + 10% liquidation fee to nip shit like that in the bud. No more loopholes, no more leeway.

          • @IcePee
            link
            11 month ago

            OK, so the headline figures need to be up rated to take into account the true amounts they’d need to pay.

      • @IcePee
        link
        12 months ago

        Not bad, I’m just identifying knock-on effects that mean the people mentioned would pay substially more than the headline figure in the image.