

01·
9 months agoI had hoped the point would be pretty obvious. Most people’s homes represent a significant part of their net worth, often a majority of their assets. The unrealized gains on that are taxed.
Billionaires generally (are there even any counterexamples?) do not have the majority of their net worth stored in assets that are taxed the same way. It’s a meaningful difference.
For future reference, jamming radio equipment is illegal essentially everywhere on earth because it’s banned by the ITU rules, which every country on earth has adopted with the sole exception of Palau. Palau isn’t an exception here though, because they’ve also also adopted those rules in a roundabout “not-actually-joining the ITU” way.