The “Billionaires Aren’t Liquid” Argument is BS
Billionaires are more liquid than you, me, or the Pacific Ocean, so, please, stop using this asinine argument.
Whenever the topic of taxing wealth is mentioned, someone will end up saying that we can’t tax billionaires’ wealth because “they are not liquid.” The reasoning goes that since billionaires’ wealth is “in their company, not yachts,” levying a tax on their wealth would force them to sell stocks, reducing their control over their company. If you believe the anti-taxxers, this would, in the end, remove all incentives towards entrepreneurship, work, and the pursuit of happiness itself.
Obviously, the only reason we all work is that we hope to become a billionaire one day. If that’s why you wake up in the morning, I have a bridge for sale you might be interested in.
You don’t have to trust my word for it. Just look it up anywhere. Here is a quick Twitter search:
People seem to miss (whether by ignorance or bad faith) that billionaires have access to financial tools that allow them to leverage their wealth beyond common measure. While it is true…
