1. Aren't tax returns supposed to be private? And shouldn't the release of personal information register as just a *little* bit concerning?
2. I see we're still having trouble understanding how private equity works.
propublica.org/article/the-se…
2. I see we're still having trouble understanding how private equity works.
propublica.org/article/the-se…
2. The "wealth" being discussed isn't a Scrooge McDuck money bin, but the percentage of ownership in companies whose wealth is determined by the market. Which means this "wealth"
1. Is "on paper"
2. Has no theoretical ceiling
3. Isn't a collective resource such that others lost
1. Is "on paper"
2. Has no theoretical ceiling
3. Isn't a collective resource such that others lost
3. If you don't want Buffet, Bezos, etc. to have so much wealth, simply convince people to sell their stock in the companies they own at a lower value (and ensure others don't start buying it up).
4. This is why IMO the "wealth tax" is unethical and possibly closer to theft than the standard income tax.
Those who believe that the wealth was gained illicitly or through corporate malfeasance should prove their case in court.
Those who believe that the wealth was gained illicitly or through corporate malfeasance should prove their case in court.
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