The billions are stashed in their basements. They frequently go down there and ride toboggans down slopes of piled up bullion and coins.
Bernie’s frame of reference is reading Donald Duck comics.
Bernies frame of reference is reading Donald Duck comics.
As I understand it, Sanders is proposing a tax on unrealized capital gains. That is he want to tax ‘billionaires’ on their paper profits.
I’ve made a paper profit of over $7000 on some Apple Stock I bought 6 years ago. I’m very happy about it, but since I’ve haven’t sold it, I’ve not gotten any benefit from itexcept a bit of smugness. I’m not a billionaire, but how about the stock I’ve bought that has gone down in value? Is Sanders going to send me a check for my paper loss?