you are viewing a single comment's thread
view the rest of the comments
[–] 3 points 3 months ago* (2 children)

What do you mean by forced divestments?

Oh and are you going to hard code these numbers into the law? Because rich people would respond by deflating the currency to the point where the average person makes 10 cents a day and a millionaire is inflation-equivalent to a billionaire today.

Or they’ll split a 10 billion dollar company between 20 of their closest friends and family, 500 million each, to stay under the cap.

Or a thousand other loopholes people will use. Take a company private and just declare it at worth only a million.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 1 point 3 months ago (1 child)

    forced divestments

    Selling off half their stocks or ¼ of their their majority share to lower their stake in their own businesses so their wealth is stifled.

  • source
  • parent
  • hideshow 1 child comment