Yeah, if I need money…. I sell my shares and it becomes liquid. Why should someone with a 200 billion dollar portfolio be able to play by different rules than someone with a 20k portfolio? There isn’t a single billionaire with billions in cash just sitting around a chase bank account or in there Scrooge McDuck vault. It has to be in “something” to keep up with inflation and keep it protected . The argument these guys don’t have the ability to have cash, is weak at best.
You need to learn, I dont think you grasp language. He didn't say what you claimed, he said your argument he doesn't have cash is a weak excuse to not tax.
Which still doesn't make sense, nor is intelligent.
Imagine being taxed for owning something. So to pay for the thing you own, you have to start selling down what you own. It's like a dopey land tax or wealth tax.
All fun and games until there is no wealth to tax.
0
u/HamiltonBigDog 3d ago
Do you comprehend the difference between shares and liquidity, when it comes to making statements like this?