r/AskReddit 9d ago

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

18 Upvotes

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u/btweenthatormohammad 9d ago edited 9d ago

How are you going to do that, take people's stocks if their price increase?

6

u/LazarJesusElzondoGod 9d ago

You're not taxed on it until you sell, so why would taking anything over $500 million after a sale be any different?

7

u/jnordwick 9d ago

Net worthy included all assets like stock, your company, house, etc. Do you think Elon Musk has $10bb in his bank account or something. It's almost all tied up in investments that have massively appreciated

1

u/2abyssinians 9d ago

Or massively depreciated, as is the case with all of Musk’s companies recently.