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Cake day: March 16th, 2026

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  • But they aren’t the ones evaluating it, the stock holders and buyers are. Plus i agree they should be able to sell it, but I’m a system where every billionaire is running to the open market to sell stocks for taxes wouldn’t work because other would pull out of the market. So the value is the sticks would install go down to realistic p/e earnings. Essentially wiping out the wealth we are trying to tax.


  • krisevol@lemmus.orgtoMicroblog Memes@lemmy.worldYeah
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    1 day ago

    I see this also. My insurance in 36k a year for a family of 4. I would be better off paying cash than paying for insurance. Currently going to the doctor for the 4 doctor visits cost me 9k per visit plus $5 co pay. Cash would cost me $50-75 per visit.





  • But your still didn’t explain where the money comes from.

    We also call billionaires billionaires because they have a “net worth” of a billion, but having a billion dollars. Example is elon, is he went to the open market and said he is selling all his stock, he would probably get 100 billion. So good net worth would go from 700 billion to 100 billion because he went from a stock evaluation of 350 p/e to 30-35p/e. So that 600 billion disappeared because it isn’t real.

    So we tax wealth that isn’t real, where did the money come from. It didn’t come from thin air, it comes from somewhere.






  • Saying the billionaire don’t have a billion dollars, so where does the cash come from to pay the tax? This is a real question and it’s the reason no one has figured out how to tax them.

    Like i said, the “wealth” elon has is backed from stocks at 350 p/e. That money isn’t real. U effectively want to tax something that isn’t real.




  • Also, is you get rid of a billionaire, how does that help the people? I’m give you an example. We take all of elon musks assets and socks. Go to the open market to sell them. No one buys them because they don’t want the stocks taken from them, so the people buy them. The sticks are now worth 1/100 of the original value because elons companies are high P/E stocks. So know you turned a “trillion” into 100 billion that the people paid for. You then use that 100 billion to pay for services. It’s gone in 8 months.

    Next year you are have no service, no money, and possibly down companies that failed.

    I don’t see the point.