this post was submitted on 17 Mar 2026
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If the valuations are bullshit, then the tax code should call them out on it so that valuations wouldn't be so inflated. If the valuations aren't bullshit, then they should be able to sell to get the money.
But they aren't the ones evaluating it, the stock holders and buyers are. Plus i agree they should be able to sell it, but I'm a system where every billionaire is running to the open market to sell stocks for taxes wouldn't work because other would pull out of the market. So the value is the sticks would install go down to realistic p/e earnings. Essentially wiping out the wealth we are trying to tax.
They are a stock buyer and holder, so they take part in that pricing. If inflated valuations became a detriment, the stocks would be priced accordingly. We shouldn't desire unrealistic p/e ratios.
We really shouldn't, and yet tesla is 350p/e