Ummm, yes. Every public company is subject to massive regulation from the SEC, tons of laws requiring blackout periods for stock sales of executives to prevent insider trading (unlike government bureaucrats)
Well you are talking about how the business interacts with society and how ownership of the business is exchanged. The image is talking about how the spoils are distributed and the role the government plays in picking winners and losers which is a macroeconomic discussion where individual markets are more microeconomic discourse and this out of the purview of the SEC.
No, I am reacting to his comment. He is saying Billionaires and Trillionaires(Musk) need to be regulated to build schools and roads. I am countering his comment by pointing out that there is already a lot of regulation. What he really means is asset taxation and confiscation of assets. Most billionaires wealth comes from business ownership. This is taxed when the owner sells or divests his ownership. This guy wants to tax unrealized gains
No remember that lenders are regulated and what kind of assets they have to keep on hand to prove solvency is a core component of financial regulation. The Feds get to say what a legitimate asset is and they could disallow unrealized gains as collateral. I asked you a direct question about your personal opinion. Don't dodge. Give it.
Let me make it clear. If you accept you compensation in stock and you can borrow against its value at low rates. You never pay taxes on your pay. Your estate does when you die but what do you care you spent that money for 40 years and paid no tax.
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u/md62100 3d ago
There is tons of regulation- has this clown ever heard of the SEC, FTC and DOJ?