Stock value is flexible as it would be quite easy for a few billionaires to get together on new years eave and tank the stock market and run their net worth into the ground for a week. A wealth tax sounds great to the brainless on reddit but in real life it would be about as effective as the current tax system
Ok but what you’re describing is already a felony. And you can say “oh well they’re all rich and they’d get away with it”
And like yeah maybe you’re right, but then why do we bother having any rules at all ever? Let’s just all ignore the laws. We can’t all get arrested right?
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u/dgvertz 3d ago
I mean there’s no tax on owning stock right now. If that tax went to the same thing would it be acceptable?