7 years ago there were no billionaires worth more than $100 billion - today there are 18! - eviltoast
  • chonglibloodsport@lemmy.world
    510·
    3 months ago

    A trillion bucks, but not in cash; in shares of those companies. Try to sell it all for cash and you tank the share price. People lose their jobs, pension funds that own shares in those companies lose value.

    That’s the trouble with taxing wealth. It’s not liquid like income. All that net worth is tied up in the companies and not easily accessed.

    • ebc@lemmy.ca
      16·
      3 months ago

      I’d be okay with the govt owning shares, honestly. That way the public would get a voice in how these megacorps operate, and that voice would get bigger the larger the company becomes.

      • deafboy@lemmy.worldEnglish
        1·
        3 months ago

        govt owning shares, honestly. That way the public would get a voice

        How would a public get a voice? The government would have a voice.

        • ebc@lemmy.ca
          1·
          3 months ago

          In theory, the government is elected by the public. Not a given these days, I know.