A Boring Dystopia

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Borrowing money against their stuff to get more stuff to borrow money... (infosec.pub)

submitted 4 days ago by bytesonbike@discuss.online to c/aboringdystopia@lemmy.world

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[–] NannerBanner@literature.cafe 0 points 3 days ago

So, what’s wrong with that? You have a wealth tax on all wealth over $100 million. If you have wealth anywhere over say, $50 million, you hire an accountant to assess your business’s value. Everyone with that level of wealth already hires accountants. It’s a trivial additional burden. If your wealth is no where near the tax threshold, you don’t need to bother hiring an accountant to get a precise figure.

And I'm going to say, it's a great means to go after the assholes if they try to claim their assets are worth something different. I think we have a recent case of 34 felonies about that....