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re: Biden Embraces G20-Proposed 2% Wealth Tax To Battle 'Racial Wealth Inequality'

Posted on 4/29/24 at 11:28 pm to
Posted by SG_Geaux
Beautiful St George
Member since Aug 2004
78179 posts
Posted on 4/29/24 at 11:28 pm to
quote:

A 2% wealth tax on the super rich is a great way to tank everyone’s portfolio.

Do these idiots not understand that billionaire wealth isn’t often liquid?

A 2% wealth tax would cause big downward movement in asset prices as billionaires sell their shares to come up with the money for the tax bill



Oh they know.
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