Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

James48

(4,900 posts)

8. Simple solution- must sell/buy once every ten years, or else

Reply to BSdetect (Reply #1)

Mon Jan 3, 2022, 09:41 PM

Jan 2022

Or else it no longer qualifies for long term gain rates.

We should make the law so that no stock share can be held for a period of more than 10 years.

Over that period, his entire holdings would be subject to tax of some kind. They can’t hold it generationally without paying for at least part of the needs of society it depends on to be built. We need to pay for prisons- let’s tax the rich to cover that.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

20 replies

= new reply since forum marked as read

Highlight:

Elon Musk's net worth increased by $28 billion today. If that doesn't convince you wealth inequality [View all] riversedge Jan 2022 OP

It's not like E Musk sits around at home on a pile of cash. His wealth is his company. BSdetect Jan 2022 #1

Just a thought YP_Yooper Jan 2022 #7

Simple solution- must sell/buy once every ten years, or else James48 Jan 2022 #8

I could argue that long term gains be for 6 months not 12 plus one day. BSdetect Jan 2022 #14

"None shall be too big" oioioi Jan 2022 #2

K&R BeckyDem Jan 2022 #3

It takes money to make money NowISeetheLight Jan 2022 #4

I bet the net worth of employees, contractors, dealerships, etc., also increased. Hoyt Jan 2022 #5

Maybe now he can get a hair cut? Instead of doing it himself. JanMichael Jan 2022 #6

Well within my lifetime, that $28B increase alone... BobTheSubgenius Jan 2022 #9

A video for comprehension. Tommymac Jan 2022 #10

Robert Reich makes around Abolishinist Jan 2022 #11

So only a homeless/poor person can talk about wealth inequality? JanMichael Jan 2022 #13

It would take 56 THOUSAND (at 500K per year) Reiches one year to equal what Musk made in that 1 day Celerity Jan 2022 #15

I have nothing against Reich, I like a lot of what he stands for, Abolishinist Jan 2022 #17

I should have said gained on paper in terms of net worth Celerity Jan 2022 #19

This message was self-deleted by its author BannonsLiver Jan 2022 #18

That sounds like a trick question, ain't gonna fall fer it... Abolishinist Jan 2022 #20

In other news, man blows up his Tesla moondust Jan 2022 #12

But he pays taxes on the lunch he bought lame54 Jan 2022 #16