yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Taxing Unrealized Values Can Destroy Billionaires


2m read
·Nov 3, 2024

Most people don't realize that this can actually make Warren Buffett and Jeff Bezos go broke and send their stocks crashing.

The reason is because 48 trillion dollars of stock value equals zero dollars in real money, and the IRS only takes real money. Billionaires like Mark Zuckerberg and Elon Musk don't actually have billions of dollars in real money.

The world of finance is actually made up of a lot of stupid people who don't know the difference between value and money or understand that value is fairy dust. It doesn't exist, it's never landed, it is no matter, it's not on the elemental chart, it's not real.

Right as of July 2021, the combined value of the Nasdaq and NYSE was 48 trillion dollars, but there's only six trillion dollars of real money in the entire U.S. economy. The reality is only a small handful of people can cash out their stocks at or close to the last traded price, which is typically what we see in a normal trading day.

However, stocks crash for the same reasons Ponzi schemes collapse—when just enough people want their money back at just the right time. The details of the proposal are still being worked out, but if it goes through in the way that it sounds, then Ponzi asset holders like the Google boys, Bezos, Musk, Zuckerberg, and Buffett will all be taxed on billions of imaginary value which they can't realize.

They will be forced to pay taxes with billions of dollars in real money which they do not have. The only way they can get the cash they need to pay their taxes is by selling their stocks to other investors. In a system that shuffles money between investors, depending on the timing, it can be a small pullback or a major crash.

More Articles

View All
Input approach to determining comparative advantage | AP Macroeconomics | Khan Academy
In other videos, we have already looked at production possibility curves and output tables in order to calculate opportunity costs of producing a certain product in a certain country. Then we use that to think about comparative advantage. We’re going to d…
Crazy experiences while selling private jets!
When you’re selling a jet for a company, that company is either moving up to a bigger, newer jet, or the company’s having problems and they’re selling the jet and they’re getting out of the business of operating their own corporate jet. If it’s the latte…
Feel the Photon | StarTalk
So I tried to get Wayne Shorter to express sounds of the universe through jazz, through his saxophone. OK. So I prepped him for a cosmic phenomenon to see how he—can he roll with it. Uh-oh. This is going to be deep. Let’s check it out. I want to describe…
Setting AI Policies for your School Districts: Part 2 of 2
So hello everyone. I’m Kristen Desero. I’m the Chief Learning Officer at KH Academy, and I’m going to, uh, let our two other panelists do quick introductions of themselves, and then we’ll get into discussions. Chris, you want to start first? Sure, I’m Ch…
Making conclusions in a test about a proportion | AP Statistics | Khan Academy
A public opinion survey investigated whether a majority, more than 50 percent, of adults supported a tax increase to help fund the local school system. A random sample of 200 adults showed that 113 of those sampled supported the tax increase. Researchers …
Inaction Is A Slow Death
Thank you. Um. [Music] It’s hard to take action. It’s painful. Washing the dishes isn’t fun. Meditation can be tedious. Waking up early is hard. The discomfort we feel in the face of action often paralyzes us from doing anything at all. So we sleep in…