• truthfultemporarily@feddit.org
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        9 hours ago

        For sure wealth should be taxed, but OPs idea that it’s just unused billions sitting around is untrue. People shouldn’t belief in falsehoods. Also if you try to argue for wealth tax, and get something basic like this wrong, the argument is already lost.

        • Schmoo@slrpnk.net
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          7 hours ago

          Of course it isn’t just sitting around unused, it’s being reinvested to make more money. Billionaires typically put most of their net worth into assets and stocks and then live off of loans, just like the comic I posted alludes to. Just because they don’t have literal piles of cash sitting around doesn’t mean they aren’t absurdly wealthy.

          And let’s be honest, if a billionaire wanted a Scrooge McDuck style gold pile they could have it arranged within a week at most.

    • BCsven@lemmy.ca
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      23 hours ago

      That is a big factor, but they also have regular assets and personal imvestments