Net worth is just an estimate of the value of all owned assets, not the amount of cash they have.
Given that billionaires get their spending cash by taking out low interest loans against the assets (and paying off those loans with other loans), that’s irrelevant.
When you get above half a billion or so in illiquid assets, you unlock the Unlimited Untaxed Spending Cash Forever hack.
Given that billionaires get their spending cash by taking out low interest loans against the assets (and paying off those loans with other loans), that’s irrelevant.
When you get above half a billion or so in illiquid assets, you unlock the Unlimited Untaxed Spending Cash Forever hack.
I’m not disagreeing, I just want to know how Sanders plans on doing it
Shouldn’t be technically difficult at all: it’s basically just property taxes.
The only real difficulty is the lack of political will and overabundance of corruption of most of his colleagues.