Comment on How would you actually tax the ultra wealthy?

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4am@lemmy.zip ⁨1⁩ ⁨week⁩ ago

No, but if you own $4billion in stocks and you borrow against it to live off of then you’ve realized that value and you get taxed heavily on it.

The idea is to get them to stop doing the “unlimited money glitch” of doing this.

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