Suddenly the company is worth 25 billion, 15bn belonging to the genius, and the rest having 2.5bn stake.
This doesn’t just happen. How did the value go up so much? Are their sales not taxed? Will the liquidation of this value not be taxed?
The core of literally any anti-billionaire economic policy needs to be the taxing of loans made on potential valuations. With that, the numbers you gave are effectively irrelevant because there’s no more infinite money glitch. They have to liquidate assets to spend money, and must pay taxes on that.
This doesn’t just happen. How did the value go up so much? Are their sales not taxed? Will the liquidation of this value not be taxed?
The core of literally any anti-billionaire economic policy needs to be the taxing of loans made on potential valuations. With that, the numbers you gave are effectively irrelevant because there’s no more infinite money glitch. They have to liquidate assets to spend money, and must pay taxes on that.