Hacker News new | ask | show | jobs
by nickpp 969 days ago
Do you realize the billionaire has no saying in how much money he “has”? He just owns stock in a company he built from ground up. It’s us saying that that stock has a certain value. It’s us saying the owner is a billionaire. We are the ones making him a billionaire.
1 comments

You could make the same argument about landlords, but we still tax the value of a building.
And that, together with heavy regulation, is why we have the present situation where young people can't stat families because they can't afford a home. Not the example I would like to follow anywhere else.