Not the previous poster, but you’re of correct of course. The issue is that when multi-billionaires can get loans at nearly 0% because if their ridiculous “unrealized” wealth and then claim “nope, no income here” despite their “unrealized” wealth increasing significantly, there is clearly a big problem and needs a solutions.
I am sure there could be some nuance used in any restrictions against said loans or tax against said weath. Someone before used a “$50 million” value as a good starting point, and at first glance that seems reasonable. Hell, you could easily make that number ten times higher and still cover most of the worst offenders. As long as there is an upper ceiling that stops these wanna be wealth hoarding dragons it’s a good start.
Not the previous poster, but you’re of correct of course. The issue is that when multi-billionaires can get loans at nearly 0% because if their ridiculous “unrealized” wealth and then claim “nope, no income here” despite their “unrealized” wealth increasing significantly, there is clearly a big problem and needs a solutions.
I am sure there could be some nuance used in any restrictions against said loans or tax against said weath. Someone before used a “$50 million” value as a good starting point, and at first glance that seems reasonable. Hell, you could easily make that number ten times higher and still cover most of the worst offenders. As long as there is an upper ceiling that stops these wanna be wealth hoarding dragons it’s a good start.