Wealth tax would force business liquidation to foreign money

Re:Wealth tax would force business liquidation to foreign money by sharkmerry on Monday November 25, 2019 @05:31PM (#21633503)

There are only 135 companies even valued over $1b in the US. I dont believe any are singularly owned either.

So the business is worth $1b on paper but isnt liquid enough to pay another $2m/year? is that that common? keep in mind the above about only 135 companies in the US. The odds that the scenario you lay out will be widespread or even exist is a long shot

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Re:Wealth tax would force business liquidation to foreign money by danschumann on Tuesday November 26, 2019 @02:18AM (#21636225)

Wouldn't this be an example of the type of billionare you'd want? He owns the company but pays his employees most of the earnings?

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Re:Wealth tax would force business liquidation to foreign money by NotSammyHagar on Tuesday November 26, 2019 @03:45AM (#21636556)

what billionaire does that? Maybe there is one or two, but the world is not supposed to be designed for the convenience of the ultra wealthy. Of course since they have so much purchased political influence they do get a lot of things going their way.

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Re:Wealth tax would force business liquidation to foreign money by verdverm on Monday November 25, 2019 @09:31PM (#21635176)

Reference for the 135 companies claim?

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Re:Wealth tax would force business liquidation to foreign money by verdverm on Monday November 25, 2019 @09:47PM (#21635240)

I found two lists with over 100 companies each, top public and unicorns with a small amount of overlap.

Looks like the 135 is the first result when googling "how many companies are worth 1 billion?"

You might try evaluating multiple results. Many private companies are not included in these lists

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