If the stock valuation is enough that it can be leveraged to get loans that can be paid off with the accrued gains ON said value, yeah, it needs to be taxed as if it is earned income.
Just reading on how Elon Musk secured the capital to buy Twitter brought that one home.
The angle I was going for isn’t that they’ve poor, it’s that they are locked into a system that means they don’t use or need liquid capital - like you or I do - to get what they want.
Given that when one has billions, the banks charge YOU to hold it, this is why the private equity groups have become so pernicious.
All that untaxed wealth with nowhere to go, so it becomes a powertool for real estate investments to leverage more money out of the working and middle classes or to buy out publicly traded businesses and run them into the dirt.
We’re back to the 1980’s again, an echo of the Michael Milliken/Ivan Boesky scandals - only this time the targets are wildly larger and hitting main street.
Oh, you’ll get no disagreement from me on that.
If the stock valuation is enough that it can be leveraged to get loans that can be paid off with the accrued gains ON said value, yeah, it needs to be taxed as if it is earned income.
Just reading on how Elon Musk secured the capital to buy Twitter brought that one home.
The angle I was going for isn’t that they’ve poor, it’s that they are locked into a system that means they don’t use or need liquid capital - like you or I do - to get what they want.
Given that when one has billions, the banks charge YOU to hold it, this is why the private equity groups have become so pernicious.
All that untaxed wealth with nowhere to go, so it becomes a powertool for real estate investments to leverage more money out of the working and middle classes or to buy out publicly traded businesses and run them into the dirt.
We’re back to the 1980’s again, an echo of the Michael Milliken/Ivan Boesky scandals - only this time the targets are wildly larger and hitting main street.