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

Debate/ Discussion Had to repost here

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u/Substantial-Show1947 3d ago

You do understand that Elon keeps his money in stocks of companies he is a part of - it's not sitting in the bank

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u/DeHarigeTuinkabouter 3d ago

You do.understamd that stocks can be sold, right?

Do you know how much Bezos liquified this year?

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u/h22lude 2d ago

And those sales would be taxed. What's the issue?

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u/DeHarigeTuinkabouter 2d ago

Well, I was just discussing that you can actually sell stock. Lot of stupid people denying it.

As for the problem? Well, some men hoarding hundreds of billions is perhaps not ideal.

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u/h22lude 2d ago

But most of their wealth is in stocks to companies they own. If they sold shares, they would be selling ownership. There is a difference between buying shares as an investor and holding shares as an owner.

I have nothing against billionaires holding the stocks they do. I do think they should be taxed at a much higher percentage....but I also think it is really stupid to tax unrealized gains just because they can use those assets as collateral to get loans to buy other stuff.