

Nah, I put that argument in the same camp as “if you tax them, they will move” in New York; pure bluster and ultimately an empty threat of Mutually Assured Destruction.
If a billionaire takes out a loan against their stock portfolio (as they so often do); force that to be treated as a Capital Gains taxable event. L






He just went out for a pack of smokes, he’ll be back any minute now…