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submitted 6 days ago by [email protected] to c/[email protected]

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Originally Posted By u/FuturePowerful At 2025-03-27 10:18:54 AM | Source

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[–] [email protected] -1 points 5 days ago* (last edited 5 days ago) (2 children)

I feel you, and that's a problem because if you want to tax a billionaires "unrealized" profits, you probably also have to tax some poor shmuck's unrealized 401k profits when they have like 100k stashed away. I'd be cool with higher consumption/sales taxes for ultra rich person items: third or fourth homes, property in the "x" percentile of value above the average, luxury items like yachts or Ferraris. Theres a whole world of solutions, if only we could get the the politicians to enact them.

Or hell, just make them sell their stocks and pay tax on unrealized profits for anyone above like "x" millions. They'll be fine at the end of the day, and it'll dilute their corporate ownership once the company gets too big anyways.

[–] [email protected] 3 points 5 days ago* (last edited 5 days ago)

I have a significant 401k savings. If it means building a society that takes care of people's needs better--including my own when I'm too old to work--then I'm totally fine throwing that away. Edit: to add, it gets me to where I wanted to be with a 401k, but by a different route that works for more people.

[–] [email protected] -1 points 5 days ago* (last edited 5 days ago) (2 children)

Are luxury items not already taxed more? AFAIK they are in most countries.

Or hell, just make them sell their stocks and pay tax for unrealized profits for anyone above like “x” millions.

That will tank the share market, close down industries and cause even more unemployment and widespread misery.

[–] [email protected] 1 points 5 days ago

bUt ThE jOb CrEaToRs

[–] [email protected] 1 points 5 days ago (1 children)

Honestly, if they are, then I'm. It rich enough to have heard about it--in the US at least.

How would making a CEO sell their stock crash market prices? If anything, it would just moderate values slightly by increasing supply. Who says this stock market system is the right system anyways? If dethroning assholes like Musk crashes the system, then we need to modify our system.

[–] [email protected] 0 points 5 days ago (1 children)

Investors put money on ventures and industries precisely to build wealth. If they are to be forced to divest at any point, they won't be interested in investing at all. Credit will dry up, overall liquidity will fall. Recession.

[–] [email protected] 2 points 5 days ago* (last edited 5 days ago) (1 children)

Or maybe they'll just have to invest in a diverse group of assets like how mutual funds are already setup?

[–] [email protected] 1 points 2 days ago* (last edited 1 day ago)

Or in their own workforce or making their products cheaper for consumers? The money doesn't just exist in a stock market/tax vacuum.