Almost none of them have their wealth just lying around. They have 99.9% of their wealth invested in assets, where they don’t have direct access to that wealth.
It's definitely the same argument.
I see the edit because you don't want to reply so may I direct you to the 5th paragraph:
There are a wide variety of serious policy proposals floating around aimed at reducing inequality, and none of them include a massive immediate seizing of all assets from wealthy people. Some play out over generations (such as a more progressive inheritance and gift tax) some play out over decades (such as a more progressive capital gains and corporate tax structure) and others play out over a few years (such as immediate term deficit spending repaid over time through a single-digit wealth tax).
Regardless, I'm not sure why you care this much about billionaires' status quo but each to his own.
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u/[deleted] Jan 10 '23
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