You all realize they don't have that money laying around to pay the IRS right? They own companies, those companies are worth that much. To pay that you would have to liquidate those companies. So no more Amazon, Tesla, Space X, etc...
I would be happy to take taxes in the form of ownership of the company
here the tax genius of Henry the 8th comes into play "pay me my money or else"
when noblemen didn't pay william the conqueror the taxes he felt were due on time he would boil them. The principle being that if the rich face consequences for breaking the law they obey.
I highly recommend you to read the paper billionare argument. The market can stand the liquidation of most of those companies without making them go bankrupt, we don't want them to stop existing, just to make them smaller and not a threat to democracy.
You all realize they don't have that money laying around to pay the IRS right? They own companies, those companies are worth that much. To pay that you would have to liquidate those companies. So no more Amazon, Tesla, Space X, etc...
If only there were some way to change the ownership of assets without converting the asset into currency
Oh no! Anyway, so how can we make this happen, like, yesterday?
Brings a tear to my eye, I tells ya
Don't threaten me with a good time
I would be happy to take taxes in the form of ownership of the company
here the tax genius of Henry the 8th comes into play "pay me my money or else"
when noblemen didn't pay william the conqueror the taxes he felt were due on time he would boil them. The principle being that if the rich face consequences for breaking the law they obey.
You don't have to liquidate. Giving governments around the world more of a direct say in these international companies would be good.
Well they are public companies bar space x so. Just redistribute those shares.
I highly recommend you to read the paper billionare argument. The market can stand the liquidation of most of those companies without making them go bankrupt, we don't want them to stop existing, just to make them smaller and not a threat to democracy.
For the whole scale of wealth I also recommend going through wealth shown to scale
Just redistribute ownership to the workers. There's no need for liquidation here.
No, they'd just need to liquidate their share in those companies. Those shares would then get bought up by other people or by pension funds.