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[–] 1 point 10 hours ago (1 child)

But it's a wealth tax. What do you do if their wealth goes down before if realized into cash? So you refund them?

What do you do when they don't have the cash to pay the tax? Force liquidations? Who buys the assets? Blackrock or china?

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  • [–] 7 points 8 hours ago

    There are plenty of ways to set up a taxation system to deal with unrealized assets. And as far as what to do when they don't have the cash, why should we treat billionaires different? If they can't pay immediately, they can set up an installment plan.

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