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by adolph
1202 days ago
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> Fine, save SVB, funded by a 1-off 100% wealth tax on anyone worth over $10m in silicon valley. The interesting part to this is that if wealth (assets) were taxed thusly, they would probably lose a lot of value when liquidated to pay taxes, thus decreasing the realized taxable amount. As I understand it, a similar principle was behind SVB’s “losses” as well. |
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