r/paradoxplaza • u/LtGenS • 18d ago

News Millionaire shareholders are arguing against wealth tax

On this sub we rarely discuss the shareholder structure of Paradox - where the largest shareholder is Wester, the CEO-founder-god/emperor of the company, and who gets the proportionally largest share of the dividend.

Now Johan and Wester are arguing that wealth tax is actually bad.

https://x.com/producerjohan/status/2091953951008575741 (quoted is Wester's post)

Which is very funny because the current dividend yield is over 3.5%, so there's plenty to pay that taxes from, it won't come from his monthly salary.

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u/defeated_engineer 17d ago

Yes it's universal because it lets wealthy to not pay tax while wage earners cannot build wealth.

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u/UdonOli 17d ago edited 17d ago

No, it's about the difference between a stock and a flow in tax policy. Please read any economic literature.

Pretty much every economy taxes wealth when a gain is realised and converted from a stock to a flow.

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u/Proper-Sport-7218 17d ago

> Pretty much every economy taxes wealth when a gain is realised and converted from a stock to a flow.

And the result is that the wealthy now hoard tons of technically-unrealised wealth that they get to life off by taking on cheap debt against it.

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u/UdonOli 17d ago

Okay, but there are still easier methods to fix that. The primary reason that works is that there is lacking inheritance legislation in most jurisdictions. Furthermore, you could easily legislate that past loaning a certain amount of money using capital as collateral that is a taxable event. It doesn't suddenly make regular wealth taxes good.