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A comment on Nvidia, ASML Plunge as DeepSeek Triggers Tech Stock Selloff. Parent comment

Re:Nvidia, ASML Plunge as DeepSeek Triggers Tech Stock Selloff by derangedHorse on Tuesday January 28, 2025 @10:29AM (#42853432)
> No one is proposing a tax that would apply to all your assets

Yes they are, that’s literally what a wealth tax is.

How were you defining wealth?

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Re:Nvidia, ASML Plunge as DeepSeek Triggers Tech Stock Selloff by nindalf on Wednesday January 29, 2025 @02:18AM (#42862443)
The actual proposals at the time I wrote this was a wealth tax applying to wealth greater than $50 million.

That’s substantially different from one that starts at $0.

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Re:Nvidia, ASML Plunge as DeepSeek Triggers Tech Stock Selloff by rhubarbtree on Wednesday January 29, 2025 @12:34PM (#42868212)
Isn’t PG using that as an example and actually says it’s simpler to calculate that way?

This doesn’t feel like a generous reading.

I’m not against a wealth tax and I’m not aligned with PG, but I do think it’s important to be generous in your interpretation. I think PG is just arguing wealth taxes are unfair on founders.

$2m starting point is reasonable btw, that’s a good ballpark for a founders share at pre seed.

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Re:Nvidia, ASML Plunge as DeepSeek Triggers Tech Stock Selloff by nindalf on Thursday January 30, 2025 @12:30PM (#42879976)
I think it's presented in a way that makes him sound very reasonable, and make a wealth tax sound very stupid.

- A small time founder losing 2/3rds of their stock - OH NO, wealth tax is terrible!

- A businessman worth $162 of stock ends up being worth billions as their stock appreciates, despite having to pay wealth taxes. Huh, maybe wealth tax is alright.

[ Parent | on HN ]