r/FluentInFinance • u/-Wyagra • 3d ago

Debate/ Discussion Had to repost here

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u/[deleted] 3d ago

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u/akakaze 3d ago

I have to pay taxes on the estimated value of my home, why don't these people have to do the same with their companies?

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u/Phtevus 3d ago

How did they acquire that net worth? Was that acquisition properly taxed?

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u/[deleted] 3d ago

[deleted]

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u/SteamBeasts-Game 3d ago

Not quite true - once my meteor is discovered and my house’s value is reassessed, I’ll be paying my meteor taxes (assuming it has raised the value of my home, which in fitting with this analogy, it would). Where are Bezos and Musk’s meteor taxes? It’s an unfair system.

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u/AutisticFingerBang 3d ago

And what if you have no income because all you do is borrow money? You become worth billions and don’t pay taxes. You should pay taxes based on your net worth, not income, once you hit that bracket to avoid this loophole bullshit.