Re:Modeling a Wealth Tax
by rel2thr on Tuesday August 18, 2020 @09:48AM
(#24198477)
I don’t think Paul forgot, it’s why he phrased it in terms of stock not dollars. If you start a company and hold on to ownership for 60+ years, you could be forced to sell X% to cover the wealth tax over the years
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Re:Modeling a Wealth Tax
by theplague42 on Tuesday August 18, 2020 @10:13AM
(#24198770)
I don't think he forgot; he's being intentionally misleading.
What about dividends? Starting another company? Working as a CEO or board member?
The article has a terrible foundation because he's intentionally misleading the reader.
Re:Modeling a Wealth Tax
by SpicyLemonZest on Tuesday August 18, 2020 @10:33AM
(#24199020)
The board is unlikely to agree to give a CEO or board member enough stock to maintain control of the company. I don't even think this is an unintentional goal - most wealth tax proponents I've seen are explicitly trying to prevent situations like with Cargill or Walmart, where the founder and his descendants can control the company forever.
I think the word you're looking for is vague. He's being intentionally vague, not misleading.
Yes, but at the end you'll still have more real value in that stock then you had at the start, assuming your stock at least performs equal with the market.
Re:Modeling a Wealth Tax
by austhrow743 on Tuesday August 18, 2020 @10:05AM
(#24198679)
Which is good and fine if all you want is real value. What you wont own any more is your company.