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Canadians overwhelmingly demand wealth tax after Kevin O’Leary says it will make him move away
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jj4211 lemmy.world jj4211@lemmy.world
Joined: 2023-06-16
#52 · Quote Reply

Well, “true” value is a weird one Ya, thats fair. I was more meaning things like, they own the land and building on it, but even that is somewhat subjective. But it's better than, this stock has a PE ratio of 100x because of some perceived future value. And absolutely there should be a way to get a tax credit if they repay it, which would likely mean some form of realizing gains, or using alrea...

Yeah, I expect there would be whining, but like you say, they have the money. It wouldn't even be the most convoluted tax stuff, on par with some fairly common tax stuff faced by fairly mundane taxpayers. They seem all too ready to handle the complexity when it represents a loophole to avoid taxes, so they should be ok with complexities to close the loan loophole.

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Binturong lemmy.ca Binturong@lemmy.ca
Joined: 2025-03-05
#53 · Quote Reply

tax him double if he moves away, the cowardly traitor tax they're calling it.

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NotMyOldRedditName lemmy.world NotMyOldRedditName@lemmy.world
Joined: 2023-08-24
#54 · (edited) Quote Reply

I somewhat agree with you, but the overwhelming valuations of the companies give me some concern too. At this point, whether I like it or not, a handful of tech bros control the fate of my retirement account even if I have nothing to do with them. If someone has a bunch of VOO, then at this point half their value is in the hands of a few tech companies. On top of direct potential impact from me...

So I think you either somehow limit the relative value of such companies

If things like anti-trust, monopoly, anti-consumer laws were properly enforced that would at least help. Meta shouldn't have been able to buy Instagram or Whatsapp for example. The Paramount + Warner Brothers merger should never happen. Its not an entire solution to the problem, but it's a start, and there are already existing laws to make it work, but the regulators (edit and courts) have all been captured (which itself is a side effect of capitalism)

There could also be something about big companies getting split into smaller ones in ways that make sense as a company gets too large. Like maybe Starlink is eventually required to be spun out from SpaceX even though that was done internally. You could maybe even keep some of that 'founder' mindset by having someone internal that worked on the project from the start take it over in the split. Maybe the original founder could still have some input as well, but you'd make them divest to a certain level so it's not just 2 companies, but still being owned by the same person.

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Corkyskog sh.itjust.works Corkyskog@sh.itjust.works
Joined: 2023-06-12
#55 · Quote Reply

tax him double if he moves away, the cowardly traitor tax they're calling it.

It would be hilarious if they taxed him into the US only for the US to shortly after undergo a huge political shift taxing him even further.

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systemglitch lemmy.world systemglitch@lemmy.world
Joined: 2023-07-11
#56 · Quote Reply

I hate to waste good food like that.

I'm okay with eating them. Ground hamburger... they don't deserve to be steak.

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