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Posts: 152
In response to
"
Hardly any of his wealth would be taxed though because it's paper gains. You wouldn't get anything until he sells stock. -- nm
"
by
spamlet
So what you’re saying is that the net worth flat tax is a better idea! -- nm
Posted by
JackDawson (aka dawson)
May 15 '20, 10:20
(No message)
Responses:
Wealth taxes are likely unconstitutional as an unapportioned direct tax.
-
spamlet
May 15, 10:28
3
I was actually curious about your IM, in fact. -- nm
-
znufrii, silly old man
May 15, 10:31
1
I’ve thought about it a bit since it gets raised every once in a while. I don’t know if I’ve seen anything like that on point though.
-
spamlet
May 15, 10:40
Under the 90% tax no one counted unrealized gains as income, but I was being flippant about the flat tax point -- nm
-
JackDawson
May 15, 10:29
If you want to crash stock prices, right?
-
Will Hunting
May 15, 10:23
1
There's trillions of ways (no pun) to monetize stock wealth without selling stock. Stock loans, etc. -- nm
-
JackDawson
May 15, 10:30
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