This is a legacy verified account, it may or may not be notable. Previously: CEO & Founder @SimpleEnergy & President @Uplight
Oct 26, 2021 • 7 tweets • 2 min read
I know it’s not popular among my friends on here, but, levying a capital gains tax on the appreciated assets of the ultra wealthy is a great idea.
It won’t hurt you and it certainly won’t hurt them, either.
It only applies to those w/ assets >$1bn or making $100m/yr for 3 yrs.
I’ve read people saying, “you’ll need to reassess your house!” No, you won’t. None of us will.
This literally only applies to people who already have teams of accountants and lawyers in their family office. They already track their marks and produce detailed balance sheets.