Post #1578803

2026-02-03 02:20 UTC

The issue afaik is that Jeff bezos's $200B is in assets like stocks, and the buy borrow die strategy of getting loans using assets as collateral lets rich people spend money without actually cashing in said assets which would trigger capital gains taxes. Idk how to stop this prevalent strategy but between that and the corporate tax system ignoring money that goes back into the company letting corporations invest their profits to ignore taxes that's why so few taxes are collected on those groups. Feel free to correct anything inaccurate.

Replies (5)

@darkdemize@sh.itjust.works 2026-02-03 04:07

Seems pretty simple to me. Tax the collateral loans as income. And don't allow the interest repaid to be tax deductible.

Open ##1578833
@ViatorOmnium@piefed.social 2026-02-03 06:40

Tax wealth the same way it's already taxed with estate and inheritance taxes. If the person doesn't have enough liquidity, they can sell the assets, like regular people already have to do often to pay the estate taxes.

Open ##1578834
@degen@midwest.social 2026-02-03 07:57

It's called *fiduciary duty* ![](https://midwest.social/pictrs/image/1cce8dcd-89ad-4feb-a01c-164c7f4cb4c6.jpeg) Wait what?

Open ##1578835
@theolodis@feddit.org 2026-02-03 13:44

I think an easy solution could be to start seizing anything over something like 100 million total value, with the value updating once every few years (otherwise people dumping their houses and stock would trigger devaluation enabling them to keep more than they should)

Open ##1578836
@TubularTittyFrog@lemmy.world 2026-02-04 21:46

you pass a law to stop it. there are many active variations of how to tax such things that come with various benefits and drawbacks.

Open ##1578837