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this post was submitted on 26 Sep 2023
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Socialism
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When I bring up that 80-90% of an average top billionaire's wealth is their share of their company, it's usually to counter the perception that those hundreds of billions of dollars are deadweight. I do still think the rich should be taxed, though I would lean towards taxing the personal assets more than business stock.
As if liquid assets are the only thing that can be used to influence and gain more power and wealth. Smh. Capitalists use capital, liquid or not to keep hoarding all of it for themselves.