Comment on A one-time 5% wealth tax would bring Silicon Valley’s billionaires’ wealth back to where it was just 31 days ago

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fonix232@fedia.io ⁨1⁩ ⁨day⁩ ago

It also sets a precedent - why not an annual 5% tax? why not 50%?

That's why they're afraid of it. It's not just the liquidity, because 5% they can easily liquidate without affecting any of their hedged-leveraged debt coverage.

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