Fjdybank

@Fjdybank@lemmy.ca

• ⁨Comment⁩ on ⁨How would you actually tax the ultra wealthy?⁩ ⁨⁨4⁩ ⁨weeks⁩ ago⁩:

  My friend, I think you simply misunderstand the value of companies. Microsoft has a market cap of 2.7trillion. a wealth cap of 10m means that 270,000 people will be maxed at that cap. For one company. Who of that 270,000 runs the company?

  Then extrapolate out to all listed and private companies. Your theory is incompatible with how companies operate.

• ⁨Comment⁩ on ⁨How would you actually tax the ultra wealthy?⁩ ⁨⁨5⁩ ⁨weeks⁩ ago⁩:

  NOW you’re cooking with gas!!

• ⁨Comment⁩ on ⁨How would you actually tax the ultra wealthy?⁩ ⁨⁨1⁩ ⁨month⁩ ago⁩:

  Sounds good in theory. But it is inoperative in a capitalist society. Here’s a thought exercise:

  Management might have a salary of $5 million but stock worth 1 billion. Maybe you expect they divest their stock? Okay, who buys? Who has control of the company? Does it become a societal asset? Can’t have a company run by a million-person committee.

  Your wealth cap works where someone has liquidity over 100million. I suggest that few do as it’s not a tax-advantaged strategy.

• ⁨Comment⁩ on ⁨Ubisoft Closes Canadian Studio After It Unionizes⁩ ⁨⁨3⁩ ⁨months⁩ ago⁩:

  Anyone notice that Halifax is spelt 3 different ways in the article?

  My personal favourite is Hailfox.