Oh how will they survive
Oh how will they survive
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96 comments
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While I agree with the sentiment it's worth noting that this wealth isn't usually liquid. It's tied up in other assets. Like shares in companies. Liquidating those shares to pay a wealth tax will also dilute their influence in those companies. Not to mention liquidation comes with additional taxes.
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Who cares. Make them sell their toys or seize them, if they refuse.
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I wonder how having assets seized would affect their tax return. It could be that it would be beneficial for them to put up a fight and get the assets seized instead of liquidating them and then being subject to a huge tax bill.
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The asset's worth should be at least the value owed in taxes + 10% liquidation fee to nip shit like that in the bud. No more loopholes, no more leeway.
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OK, so the headline figures need to be up rated to take into account the true amounts they'd need to pay.
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You make this all sound like a bad thing.
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Not bad, I'm just identifying knock-on effects that mean the people mentioned would pay substially more than the headline figure in the image.
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96 comments