Re:A Calculator for the Billionaires – Elizabeth Warren
by ivalm on Friday November 08, 2019 @06:27PM
(#21488022)
If we learned anything it's that american financial institution are excellent at developing novel financial tools to resolve these issues.
You're right, an owner of $160M paper money might not have 2m/year liquid, but I am sure there will be many banks willing to provide equity secured debt (perhaps no payment needed until exit!) to pay for the taxes. Also, if this pushes startups to profitability/IPO earlier, I think that's probably a good thing.
You're right, an owner of $160M paper money might not have 2m/year liquid, but I am sure there will be many banks willing to provide equity secured debt (perhaps no payment needed until exit!) to pay for the taxes. Also, if this pushes startups to profitability/IPO earlier, I think that's probably a good thing.