To be fair, if billionaires could no longer use their stocks as collateral to borrow insane amounts, maybe they’d have to give themselves taxable salaries.
I don’t think the government would ban the practice, since the middle class uses the same thing for stuff like reverse mortgages. I can see them limiting the amount though.
If they did ban it though, billionaires would still be billionaires, they probably don’t need much of an actual salary when most of their stuff is paid for.
To be fair, if billionaires could no longer use their stocks as collateral to borrow insane amounts, maybe they’d have to give themselves taxable salaries.
I don’t think the government would ban the practice, since the middle class uses the same thing for stuff like reverse mortgages. I can see them limiting the amount though.
If they did ban it though, billionaires would still be billionaires, they probably don’t need much of an actual salary when most of their stuff is paid for.
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I never said wealth hoarding is bad for the economy, learn to read.
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