How do they pay those taxes though? I imagine by forcing the companies they’ve invested in to give them a higher dividend? Or do they actually sell stocks in order to pay the tax?
They can do either depending on what is most profitable. Usually they will try to do some scummy tax evasion maneuvers or cry on national television, but ultimately paying these taxes is of no issue to them in reality. The reason they do not want to part with stock, hence their crying, is because holding on to it is so damn profitable to them. They may even go to lengths of taking loans instead to pay taxes before selling ownership of stock.
They also get tax write offs whenever a stock decreases in value, so this is just sharing a small part of their spoils when times are good and business is booming. In exchange they get well functioning public services, a highly educated work force, stipends for starting companies and so on. In reality the top 0,1 % percentile pay less taxes than the bottom 10 % per capita as percentage of their income.
How do they pay those taxes though? I imagine by forcing the companies they’ve invested in to give them a higher dividend? Or do they actually sell stocks in order to pay the tax?
They can do either depending on what is most profitable. Usually they will try to do some scummy tax evasion maneuvers or cry on national television, but ultimately paying these taxes is of no issue to them in reality. The reason they do not want to part with stock, hence their crying, is because holding on to it is so damn profitable to them. They may even go to lengths of taking loans instead to pay taxes before selling ownership of stock.
They also get tax write offs whenever a stock decreases in value, so this is just sharing a small part of their spoils when times are good and business is booming. In exchange they get well functioning public services, a highly educated work force, stipends for starting companies and so on. In reality the top 0,1 % percentile pay less taxes than the bottom 10 % per capita as percentage of their income.