Spyke
Some Democrats Are Trying to Preemptively Outlaw a Billionaire Tax

Some Democrats Are Trying to Preemptively Outlaw a Billionaire Tax

Some Democrats Are Trying to Preemptively Outlaw a Billionaire Taxhttps://jacobin.com/2023/09/wealth-tax-supreme-court-katyal-safe/Open link

What they need to do is outlaw or heavily restrict the ability to take a loan out of the value of an asset in stock if they can readily afford the liquid amount

If Elon wants to buy Twitter he should have sold $44 bil in his stock to buy it rather than take a loan out based on the $200+ bil and then have a consortium to fill in the rest. And if that trickles down to the middle class so that people can't take a loan off their house so be it.

Every few days or so, I'm reminded that today's "Democrats" are like the Bush conservatives of 2008. The scale has moved so far to the right...

8

Wow, much empty