Quote:
Originally Posted by Louis Cyphre
Do you seriously not understand why a small business owner is treated differently than someone owning $150 billions?
Well presumably he would have been treated like the small business owner when he started the company. If you tax assets then essentially you force control away from founders if their company is successful enough. In Bezos' case his entire net worth, including the liquid portions, have been derived from his CEO role and stake in Amazon as the founder and major equity holder.
But separately, why would it be ok to ask that someone who runs a really successful business cede more of that business to outsiders by being forced into taxes when the same people would be unnerved by forcing small business owners to cede stakes in their own companies in order to pay taxes on their assets?
I'm all for taxing income at a higher marginal rate but creating a structure that forces someone to relinquish their stake in the business is too far. Just tax it at a higher rate whenever he does sell.
Last edited by CalledDownLight; 07-23-2018 at 05:04 PM.