this post was submitted on 17 Mar 2026
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"the billionaire don't have a billion dollars"
Oh yeah, I forgot "billionaire" is what we call someone who doesn't have a billion dollars...
"No one has figured out how to tax them"
I just explained it in detail, which you continue to ignore. People have figured it out, it's not that complicated. It just doesn't get implemented because politicians are bought by corporate dark money lobby groups, and people like you do a lot of footwork obfuscating the situation on the internet by pretending billionaires are poor and penniless.
"the 'wealth' elon has is backed from stocks at 350 p/e. That money isn't real"
Yes, their net worths are inflated (which gives them benefits on loans, which they use to further inflate their wealth). But that's easy to fix. Either don't let them declare worths that are higher than reality, or tax them at the net worths they declare.
Either way, that doesn't change anything I said about how capital gains are taxed, or how they should be taxed.
Get a clue.
But your still didn't explain where the money comes from.
We also call billionaires billionaires because they have a "net worth" of a billion, but having a billion dollars. Example is elon, is he went to the open market and said he is selling all his stock, he would probably get 100 billion. So good net worth would go from 700 billion to 100 billion because he went from a stock evaluation of 350 p/e to 30-35p/e. So that 600 billion disappeared because it isn't real.
So we tax wealth that isn't real, where did the money come from. It didn't come from thin air, it comes from somewhere.