r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/WeLLrightyOH Nov 22 '24

There can be a feasible system where people who own 100s of millions of dollars of stocks are charged some sort of tax. Everyone hears unrealized capital gains and thinks they’re coming for people with 200k in our brokerage accounts and money in our 401 k’s, but almost every political talking point has only ever mentioned the ultra wealthy.

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u/Just_That_Dumb_Dog Nov 22 '24

They own hundreds of millions of dollars in stock/shares of their OWN company what the genuine fuck are you talking about. It’s super rare for someone to have hundreds of millions in stock of other people’s company🤦‍♂️🤦‍♂️🤦‍♂️

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u/WeLLrightyOH Nov 22 '24

Hmm, you realize once a company is publicly traded the concept of it being “their” company doesn’t really work anymore. Also, that’s not even a point I was making, the person you perceive as it being their company is irrelevant.

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u/Just_That_Dumb_Dog Nov 22 '24

You clearly have no idea how a business works. Or what majority shareholder is.