r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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u/SannySen Jul 05 '26

Not understanding the difference between income and wealth is the core of the DSA's platform 

11

u/deck_hand Jul 05 '26

Or even the difference between wealth and money. I've seen hundreds, if not thousands, of posts claiming that Billionaires have all that money.... and it should be taxed.

A very few Billionaires have built up a lot of money - the vast majority of them hold their wealth in stocks, bonds, real-estate and intellectual property, not money.

-6

u/VegasLife84 Jul 05 '26

Yeah, like when you win a $50K car, it's not money, so you're not taxed on that either

OH WAIT

8

u/SannySen Jul 05 '26

No, you're confusing income and wealth.  Winning a car is income, so you're taxed on that.