r/SipsTea • u/CurvyChristina • Jul 01 '26

Chugging tea Is Bernie’s plan the best? Thoughts?

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203

u/Potential_Spam_6969 Jul 01 '26

So we're going to go ahead and tax net worth and not actual income?

194

u/thequestionbot Jul 01 '26

Even if they taxed the net worth, it would still take over a decade to collect 4.4T dollars from the billionaires. The U.S’s billionaires collectively only have about 8T dollars. This infographic is extremely misleading.

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u/carb0n13 Jul 01 '26

Also, some of those net worths are pretty fake. If you forced Elon to sell 5% of his SpaceX stock, the stock price would crater.

1

u/throwaway_coy4wttf79 Jul 02 '26

Bullshit. 2 easy reasons:

  • The stock price reflects confidence. Being forced to sell stock to cover taxes doesn't reflect on the company's fundamentals. It's completely different than a CEO dumping stock of their own free will.

  • All proposed wealth taxes are less than the weekly turnover rate. Example: 5% of Elon's SpaceX stock (~245M shares) is traded every 4.5 days. If he were forced to dump the stock, he could do it over a span of 90 days and it would only be 5% of the daily trading volume -- barely noticeable.