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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
LoyceV
on 23/04/2021, 14:19:30 UTC
⭐ Merited by JayJuanGee (1)
Do you think billionaires are swimming around in a pool of gold coins or pallets of $100s? Nearly all of the wealth that people are complaining about is on paper. Jeff Bezos owns a bunch of Amazon shares. If you raise the capital gains tax, he'll just never sell those shares.
That's why we have a "wealth tax": Bezos would pay 1.76% of his wealth in taxes each year if he'd live here.
Then again, being that rich you'd find ways around it and wouldn't pay the tax anyway.