Chris Lewicki Profile picture
Space Industrialist, entrepreneur, engineer and “near-futurist” focused on the economic development of space. Motto: Stop reading about it and start doing it!
20 Jul
Re: #TaxTheRich, what happens if an executive and large shareholder of a publicly traded company sells stock in order to invest in another company? Capital gains tax is paid, yes? Also a portion to payroll taxes for the company/employees. Know a good writeup? Asking for a friend.
There's the concept of a Luxury tax, but then also there's this: americanexperiment.org/congress-passe…
Many of the wealthy who are vilified for their massive net worth, derive most of that wealth from holding a large percentage of a publicly-traded company (usually, that they created). Vanguard and Blackrock (iShares) — in many 401Ks — own as much Amazon stock as Bezos does. 3/
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