this post was submitted on 13 Aug 2026
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Work Reform

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[–] merc@sh.itjust.works 1 points 2 days ago

I'm sure that's part of it. Selling enough stock to meet a 5% wealth tax would sometimes mean that selling those stocks would really drop the value of those shares, and therefore drop their on-paper wealth.

But, the simpler explanation is they don't wanna.