Taxing Unrealized Values Can Destroy Billionaires

No joke. This can actually destroy people like Bezos and Buffett.

If the proposed taxes on unrealized gains goes through in the way it sounds, Ponzi asset holders like the Google boys, Musk, Bezos, etc. will have to pay taxes on billions of imaginary value, which they can’t realize, and be forced to pay taxes with billions of dollars of real money, which they do not have.

Note on the last comment: They can also have the company buyback their stocks with corporate profits, but that creates other problems.

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