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| Topic | Gates, Buffet and Bezos have more wealth than the bottom 50% combined |
| lightwarrior78 11/10/17 4:43:26 PM #21: | These articles always miss the obvious: Wealth does not mean money. It's the value of everything you own including property, investments, even intangible things like trademarks or brand names or goodwill. So as unfair as anyone might think it is, it begs the question: how do you redistribute it? You can't wave a wand and convert it to cash that didn't exist before (well a government could, but inflation would skyrocket). Do we start doling out 1/200000th ownership in a villa overseas or the microsoft brand name (might increase a person's wealth, but they can't buy groceries with it)? Do we re-write capital gains laws so high taxes are paid any time property (including stocks) appreciates in value instead of when they sell it (even if they don't have cash to pay that bill)? I mean, I'm open to suggestions grounded in reality and that don't assume these guys have Scrooge McDuck's money bin of liquid assets. --- ... Copied to Clipboard! |
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