Whiny Billionaire Babies -- Digby

[erronis]

4. Interesting arguments, proposals.

Since I don't have two benjamins to run together, I am not qualified to comment. But.

Could a wealth tax based on paper assets (bonds, stock, etc.) be made in the same paper? A US Treasury holding company that now owns those shares and benefits (and loses) based on the holdings? That would mean that the total capitalization wouldn't change as far as the markets are concerned.

A luxury tax has been proposed (and perhaps enacted) a few times. I don't know where it stands now in various countries. If I were a filthy-rich person I'd never buy anything in my own name. It would all be business purchases with business rationale and depreciation, etc.

Bezos's wedding could become a blockbuster film enterprise, not caring about making any profit. Think "The Producers."