Kamala Harris’s proposal to tax wealthy people’s unrealized capital gains is a bad idea, but not for the reasons claimed on social media. First, definitions. I’ll use an illustration. Let’s say you buy 100 shares of Stock A for $60 a share and sell it for $75 a share. Your pr[...]
Posts Tagged ‘Billionaires’
February 6th, 2023 - 2:43 am § in Politics, Republicans
Should one person pick the GOP’s 2024 nominee?
It could happen. A presidential campaign today costs $1 billion, but oil and chemicals billionaire Charles Koch is so rich he could easily pay for one himself. As it is, Koch funds a vast array of conservative think tanks, policy groups, and political action. No one is more responsible for the blizz[...]
October 27th, 2014 - 2:31 pm § in Hypocrisy
Guess What, Taxpayers Will Pay For Steve Ballmer’s Basketball Team
Steve Ballmer wasn’t so crazy to pay $2 billion for a basketball team. It turns out taxpayers will pay at least half of the purchase cost. “Steve Ballmer stands to gain as much as $1bn in tax benefits as a result of his $2bn purchase of the Los Angeles Clippers basketball team, helping to [...]