The exponential growth of wealth accumulating at the top of the pyramid is mostly based on stock and other intangible asset valuations. If a wealth tax on billionaires were implemented, large amounts of their asset would have to be liquidated, potentially in a short timeframe. Would the values of those assets collapse if they were all on the market at once?
How much wealth today is based on potential bubbles?
byu/Quirky_kind inAskEconomics
Posted by Quirky_kind