this post was submitted on 27 May 2026
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[–] hayvan@piefed.world 47 points 2 days ago (30 children)

Some clarification. Those billionnaires don't have that much money. It's the "valuation" of their assets, so it's even more fictional than actual money. Which means they can practically set to anything with enough hype, and not pay any tax, but can convert some (only some) of that fictional money to real money by getting a bank loan against it, again, tax free.

What I'm saying is, we need to get those funny number back to ground truth. Melon wants SpaceX valued at 1.25 Tn or something. Let him pay taxes over those valuations and see how valuable they really are. After all, anyone with a 800bn company should be able to afford some taxes on them, right? So fucking tax them.

[–] adhdsergio@lemmy.world 4 points 2 days ago

I agree taxing fughazi is difficult. How about taxing the banks when they offer a loan for billionaires against their assets? Then they can pass that down as interest

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