News for hackers. Stuff that matters.

A comment on Millionaires call for an emergency tax on billionaires. Parent comment

Re:Millionaires call for an emergency tax on billionaires by libertine on Friday August 13, 2021 @01:05PM (#28171583)
>Taxes on net worth won't work because net worth is abstract

If it's abstract why can you use it as collateral? You have to make up your mind, it's funny money or real money?

[ Parent | on HN ]
Re:Millionaires call for an emergency tax on billionaires by jonfw on Friday August 13, 2021 @04:19PM (#28174004)
I can also use my word as collateral, should I be taxed on that?
[ Parent | on HN ]
Re:Millionaires call for an emergency tax on billionaires by libertine on Friday August 13, 2021 @05:08PM (#28174551)
Do you think your word has the same millage has 25 million net worth.

Because that's what we're talking about here.

I don't know how the banking system works in the US but I doubt you'll be able to buy much money with your word alone.

[ Parent | on HN ]