re: #14 Belafon

Business Insider did an analysis of what our rich people would look like if Warren’s wealth tax plan had been in place since 1982. Jeff Bezos would be worth $48.8B. Bill Gates would be worth $13.9B.

businessinsider.com

Edited: Corrected the he part.

I’m curious how they do the math. I suspect that many of those people would have had to sell stock to pay the wealth tax which would likely have driven stock prices down, further reducing their net wealth. And then there’s the question of what those sales would have meant for the larger economy - as in, what if Gates or Bezos or Walton or whomever had to sell enough stock that they lost their controlling interest in the companies they founded/owned/ran and institutional investor types were able to gain control of the board of directors?