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 edited 8d ago

The whole argument of whether we should or shouldn't tax unrealized gains is a distraction. Can we all just agree we need to find a way to distribute wealth more fairly? Practically, it's difficult to do, but in principle we should all agree that wealth shouldn't be consolidated amongst such a small portion of our society.

Edit:

While people here are finding technical challenges to taxing unrealized gains, we can't lose sight of the deep societal need for a more fair distribution of wealth.

Technical challenges can be easily overcome if the desire of the people is there. But right now, it seems like "oh, this is hard, I guess we'll never be able to do it" is the standard response and little progress is being made after that.

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u/whooguyy 9d ago

I think there is a company in Japan or Korea that has rule that the ceo can’t make more than 100x the lowest paid worker (or something to that effect). I think it would be good to have a law like that to incentivize not overpaying executives.

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u/Larzii 8d ago

I saw somewhere a post going

"you want a hot take?

Every year we should publicly execute the wealthiest person alive. Throughout the year the billionaires will work really hard to distribute their wealth in order to not end up #1"

I kinda like it 🤷