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rvz 13 hours ago

The desired outcome is that billionaires should pay their "fair share". That's fine, but are the supporters of this sure that this is the best way to do it?

Also, do they know who really is going to eventually pay for this tax? Guess. (It is not most billionaires.)

On top of that, those taxes will require founders to liquidate their holdings and will also affect employees holding the stock as well so it actually hits tech workers harder.

It's bad enough that the large tech companies are now funding AI data centers by selling their own stock. So why would the founders want to tolerate a >$1B-$40B hit to their own net worth for a tax that really is not a one time tax which the threshold of this "wealth tax" will eventually get lowered into the 100M zone?

avmich 12 hours ago | parent [-]

> That's fine, but are the supporters of this sure that this is the best way to do it?

As I understand, this is the best way to do which we have so far. We are welcome to find a better way while we're using this approach.

lotsofpulp 11 hours ago | parent [-]

How is a marginal land value tax not a far, far better way? It’s already taxed, just need to multiply it by a different number.