The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 30969
Likes: 52232


I generally agree... but something THIS dramatic could change that.


My guess is the games will involve life insurance (as always), and also drive capital from public equities and bond investments into private investments, complex real-estate investments, derivatives, etc... things for which it will be hard hard to determine the fair market value.

Not sure what billionaires with so much of their wealth tied up in the company they founded will do. ... other than lose control of their company as they sell of huge chunks each year to pay the tax. But I could see founders of pre-IPO companies looking to shift their domicile and that of their company to a more business friendly country like Denmark or Sweden (as much as it seems ridiculous to say that) to shield their company and their wealth from being taken from them.

(In response to this post by hoolstoptheheels)

Posted: 11/18/2019 at 10:31AM



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Current Thread:
 
  
Wait, so Warren's billionaire tax is now up to 6%. So -- BocaHoo91 11/18/2019 07:13AM
  You seem to be missing quite a bit here. -- WahooRQ 11/18/2019 09:22AM
  This attitude has always made me laugh. -- SchmHoo 11/18/2019 2:37PM
  Yeah, you’re right. Bernie getting saying -- BocaHoo91 11/18/2019 4:21PM
  Your complaint should be with the Bern and Warren. -- hoolstoptheheels 11/18/2019 3:22PM
  That’s certainly the narrative. ** -- SchmHoo 11/18/2019 3:32PM
  It isn't a false narrative. Bern actually posted that. -- hoolstoptheheels 11/18/2019 4:09PM
  Nobody thinks Warren has really covered the cost of her plan(s). -- hoolstoptheheels 11/18/2019 09:59AM
  Imposed Medicare for all is a bad political -- Shenhoo 11/18/2019 09:15AM
  Does that come close to paying for it? ** -- Tuckahokie 11/18/2019 09:06AM
  We spend far beyond what the rich make and have ** -- HokieDan95 11/18/2019 08:21AM
  WaxHoo can't wait to STAND WITH HER. ** -- HootiesJohnson 11/18/2019 08:17AM
  "Stands With Fist" ** -- Tuckahokie 11/18/2019 08:25AM
  What hyperbole are you referring to? ** -- BocaHoo91 11/18/2019 08:00AM
  Correct - it is tapping a populist vein. -- hoolstoptheheels 11/18/2019 08:19AM
  Mostly, the complexity of the tax code itself favors the rich. -- hoolstoptheheels 11/18/2019 08:38AM
  Those things are the tip of the iceberg. -- hoolstoptheheels 11/18/2019 1:19PM
  See mundane system reforms. :) ** -- Seattle .Hoo 11/18/2019 08:40AM
  Unfortunately, I agree. ** -- HoosWillWin 11/18/2019 07:45AM
  Yes. 6% of wealth. Plus 39.6% on any -- BocaHoo91 11/18/2019 07:39AM
  Ooops - forgot the link. Included here. -- hoolstoptheheels 11/18/2019 08:13AM
  CNBC discussed this this morning... -- Stimp 11/18/2019 09:17AM
  That's what triggered my post. -- BocaHoo91 11/18/2019 09:59AM
  Hmm. I guess she needs a new campaign site webmaster. ** -- hoolstoptheheels 11/18/2019 08:47AM
  What changes the argument? I don’t follow. ** -- BocaHoo91 11/18/2019 07:58AM
  I wasn't aware she was taxing wealth. ** -- HoosWillWin 11/18/2019 08:05AM

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