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A comment on FDIC set to take First Republic Bank into receivership. Parent comment

Re:FDIC set to take First Republic Bank into receivership by Scoundreller on Saturday April 29, 2023 @02:53AM (#35750674)
> not tax wealthy individuals but corporate profits at much higher rates

Most wealthy individuals would take a haircut if corporate holdings were worth less. It mostly has the same effect.

It's not like Bill Gates has all of his wealth in cash.

[ Parent | on HN ]
Re:FDIC set to take First Republic Bank into receivership by bugglebeetle on Saturday April 29, 2023 @03:23AM (#35750830)
Sure, but the parent was talking about how taxing wealthy individuals would not tame inflation because of their (relatively) small impact on demand. The same is not true about how corporate profits filter back into the economy.
[ Parent | on HN ]