On Saturday, September 2, 2023 at 12:34:29 PM UTC-7, RichD wrote:
On September 1, jack roth wrote:
I wonder how many billionaires know their exact worth particularly
when the market is constantly fluctuating value on their many assets?
Elizabeth Warren knows -
https://www.cnbc.com/2021/03/01/elizabeth-warren-bernie-sanders-propose-3percent-wealth-tax-on-billionaires.html
Think about that - you didn't pay a big enough chunk of
INCOME tax, now she wants a WEALTH tax - because
she's a liberal, dedicated to fighting greed -
Wealth taxes have existed in this world before. Financial advisors always poo poo investing in precious metals because they don't make a percentage on it like they do managing your mutual funds, but it'd be pretty tough for Elizabeth Warren to calculate
your wealth tax if it's in the former of gold and silver coins and bullion and buried in your banker. The real danger...and what they want to do....is to tokenize all ownership of property...so when you value your token less than appropriate for the
purpose of taxes, some rich fund like Blackrock can just buy your token and turn you into a renter.....
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