[Dylan16807]

> No one has a billion in cash that I've ever heard of.

What's the biggest amount anyone has in treasury bonds or gold? You could easily liquidate a ton of that.

> but what happens when he only gets $70mil for it because the stock price tanked? Should he sell more, until he comes up with that original 20% of his "billion"?

If the stock tanks that much while he's selling, then the company is only worth about $300 million now, and the money he owes drops to $60 million.

Though I don't see why it would tank that much.

[lazide]

If owning stock (passively) all the sudden got taxed to any notable degree, you’ve just dramatically changed the value calculus for most of the world economy at this point. It would be shocking if the price didn’t crash.

[Dylan16807]

That sounds like a one-time thing. Once things stabilize you wouldn't see a big fluctuation every time a CEO has to pay taxes.

Also normal people and the mildly rich and retirement funds and many other big sources of ownership wouldn't be taxed, so I don't see prices actually crashing.

[NoMoreNicksLeft]

>That sounds like a one-time thing.

Repeatedly pushing the "destroy the world economy" multiple times per day is most likely not going to be a "one-time thing". But who knows... maybe you're right and economics doesn't work like it has been documented to work by the world's experts for the last 100 years or so.

[Dylan16807]

Because that's not what the button does...

Especially because every push shrinks the number of people affected by the button.

[lazide]

If your goal is to reduce the number of rich people this way, boy are you going to have a rough time.