Re:When the Rich Said No to Getting Richer
by naveen99 on Tuesday September 05, 2017 @10:41AM
(#15175651)
What about a business that is worth 10 million dollars but has a bad year and makes no profit. So now the owner has to pay a tax on the 10 million dollar wealth and liquidate his business ?
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Re:When the Rich Said No to Getting Richer
by baursak on Tuesday September 05, 2017 @11:06AM
(#15175907)
Why would they liquidate their business? I'm not advocating for a 100% rate. If they continuously lose money year after year, then the wealth tax would just be an additional incentive for them to shutdown, yes.