When I bring up that 80-90% of an average top billionaire’s wealth is their share of their company, it’s usually to counter the perception that those hundreds of billions of dollars are deadweight. I do still think the rich should be taxed, though I would lean towards taxing the personal assets more than business stock.
When I bring up that 80-90% of an average top billionaire’s wealth is their share of their company, it’s usually to counter the perception that those hundreds of billions of dollars are deadweight. I do still think the rich should be taxed, though I would lean towards taxing the personal assets more than business stock.