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Joined 1 year ago
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Cake day: April 7th, 2025

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  • Sounds good in theory. But it is inoperative in a capitalist society. Here’s a thought exercise:

    Management might have a salary of $5 million but stock worth 1 billion. Maybe you expect they divest their stock? Okay, who buys? Who has control of the company? Does it become a societal asset? Can’t have a company run by a million-person committee.

    Your wealth cap works where someone has liquidity over 100million. I suggest that few do as it’s not a tax-advantaged strategy.