Everything over $5M of the should be taxed as income and the public should benefit greatly from the tax revenue that we can use for infrastructure, healthcare, and education.
This is how with one quick policy change you make it great for society to have billionaires.
Evening-Ad5765 on
“Bill Gates dropped out of the top 10 richest in October 2024 after Forbes obtained new information that led to a significant contraction in his fortune.”
Crazy that gates would be a trillionaire had he just held his Microsoft stock instead of diversifying.
Meanwhile ballmer has seen a crazy run because he did hold his stock.
Also, saying anyone “made $260B” in a month is such BS. No one made any money. No shares have been sold. And in Musks case more than half of his holdings are in non liquid private shares. This is all imaginary money until someone tries to sell something.
If anything it’s a reflection of the craziness in AI related tech valuations. Given the amount of capital expenditure vs actual revenue some of these valuations are going to see a reckoning.
2 Comments
That’s freaking awesome.
Everything over $5M of the should be taxed as income and the public should benefit greatly from the tax revenue that we can use for infrastructure, healthcare, and education.
This is how with one quick policy change you make it great for society to have billionaires.
“Bill Gates dropped out of the top 10 richest in October 2024 after Forbes obtained new information that led to a significant contraction in his fortune.”
Crazy that gates would be a trillionaire had he just held his Microsoft stock instead of diversifying.
Meanwhile ballmer has seen a crazy run because he did hold his stock.
Also, saying anyone “made $260B” in a month is such BS. No one made any money. No shares have been sold. And in Musks case more than half of his holdings are in non liquid private shares. This is all imaginary money until someone tries to sell something.
If anything it’s a reflection of the craziness in AI related tech valuations. Given the amount of capital expenditure vs actual revenue some of these valuations are going to see a reckoning.