Comment by AdrianB1
2 days ago
There is no way to take anything like that. Net worth is quite similar with me saying you are worth 1 billion dollars, but you have zero money in the bank. What do you take, super-rich billionaire person?
2 days ago
There is no way to take anything like that. Net worth is quite similar with me saying you are worth 1 billion dollars, but you have zero money in the bank. What do you take, super-rich billionaire person?
The net worth is simply the sum of assets minus the sum of liabilities. Take away the assets and you take away the net worth. I can't think of an asset category that you can't transfer if you are willing to sacrifice its value (which presumably doesn't matter, because it's not real anyways)
In the rare cases where contract law makes the transfer impossible legally the government could trivially step in to make it possible
You take control of the shares and distribute the proceeds and make it impossible to leverage them for loans, credit etc.
Is it Zuck's networth or salary that makes it possible for him to own his ranch in Hawaii?
which thing of mine are you saying is worth a billion dollars? the lawnmower? take that then?
whats the complication? if its not worth anything whos gonna worry, especially if the government then compensates you in dollars
Your 1 billion dollar dog that will die 2 days after someone takes it from you. Tax that, please.
Why not? Net worth is the estimated sell value of a list of assets. It is entirely possible to take those assets, or charge a tax based on that estimated sell value. Why would it even be a little difficult, let alone impossible?
And certainly ceejayoz was being a bit glib by suggesting we take all of it, but it would not be remotely insurmountable to tax billionaire wealth.
Net worth is the estimated value, not sell value. For example, Tesla shares owned by Elon don't have the same value if Elon is leaving, they are less worthy.
> For example, Tesla shares owned by Elon don't have the same value if Elon is leaving, they are less worthy.
This is, ironically, more of a guess/estimate than determining Musk's net worth is. We don't actually know that!