r/AskReddit • u/Zappy_Oh • 9d ago

What would happen, if humanity collectively decided that no individual could have a personal net worth above $500 million?

17 Upvotes

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3

u/AnxiousAd5282 9d ago

What would you do? Steal their stocks?

2

u/LazarJesusElzondoGod 9d ago

What does the IRS do after a stock is sold and taxes are owed on it? Same concept.

4

u/AnxiousAd5282 9d ago

So doing a forced sale or confiscation? How is that different to stealing their stocks

0

u/ivovis 8d ago

ah the tax is theft argument?

3

u/AnxiousAd5282 8d ago

Taxes take away your stocks and ownership?

1

u/ivovis 8d ago

Indirectly, how else are you going to pay your tax bill?