Re:Only the richest ancient Athenians paid taxes
by Wolfenstein98k on Saturday January 07, 2023 @09:15AM
(#34288121)
Not "just because", there are l ok Ng and detailed reasons why, which is why various wealthy and well-run countries do it.
Also, just because you eye up their holdings before they sell and incur a tax liability, does not mean that they have tax-free wealth.
Paper wealth is empty. That's why Musk "lost $200,000,000,000" but you can't name who he lost it to - it didn't go anywhere because it effectively never existed.
It's only when he sells that it is realised - and taxed - and that's when he gains access to it.
You can eye it up all you like before he sells, but it's not real money.
Also, just because you eye up their holdings before they sell and incur a tax liability, does not mean that they have tax-free wealth.
Paper wealth is empty. That's why Musk "lost $200,000,000,000" but you can't name who he lost it to - it didn't go anywhere because it effectively never existed.
It's only when he sells that it is realised - and taxed - and that's when he gains access to it.
You can eye it up all you like before he sells, but it's not real money.