reply on: If We Taxed Billionaires, Could We Balance the Budget? \ stacker news ~econ

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10 sats \ 1 reply \ @SimpleStacker 17 Jul \ parent \ on: If We Taxed Billionaires, Could We Balance the Budget? econ

It's not just that, but they probably have the most elastic wealth as well

0 sats \ 0 replies \ @Rothbardian_fanatic OP 17 Jul

Perhaps the wealth is only as elastic as the company they run. Take the stock and shut down the company and there is no more wealth and a lot of newly unemployed. But, eat the rich, anyway! :)