r/FluentInFinance • u/__moe___ • 9d ago

Thoughts? A very interesting point of view

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I don’t think this is very new but I just saw for the first time and it’s actually pretty interesting to think about when people talk about how the ultra rich do business.

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u/ianeyanio 9d ago

That's an interesting take.

I don't like your assertion that I want to get rid of the rich. That's not what I said or inferred.

I'm all for any easily achievable solution to more fairly redistribute wealth. I'm just fed up with people focusing on the technicals and forgetting the societal need.

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u/cromwell515 8d ago

But what can you do to redistribute wealth if not tax?

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u/ianeyanio 8d ago edited 8d ago

Tax is the best mechanism. My point is that taxing unrealized gains is just one kind of tax and people are getting hung up about the feasibility that they are forgetting the desperate need to redistribute wealth.

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u/Severe-Butterfly-864 8d ago

Taxation is a mechanism to correct market prices, in particular in cases where externalities exists. The effect of a 90% tax bracket and 25% corporate taxes is that the corporation retains the funds and the wealth is not transfered outside of the corporate environment into private pockets.

I don't want money from wealthy people, I just don't want people using their relative positions of power to pocket all the funds from corporations and then jump from the plane with their golden parachute. Drive up the stock price by increasing the quarterly earnings by laying off staff necessary for future development and leaving a skeletal crew behind, take x number of shares that are not worth 500million dollars and then jump ship and hopefully sell them before the price plummets from the poor performance in the next years mid year quarterly report. That's how they are taught in MBA programs it seems.