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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bashibazouk@lemmy.world ⁨1⁩ ⁨day⁩ ago

It’s not the money, it’s control of their companies. To pay the tax they have to sell stock which reduces control. They, rightly I think, also believe it’s a one time tax until the next time the tax gets passed. Maybe this a good thing but it should also be addressed by those pushing the wealth tax…

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