What happens when billionaires decide they want to liquidate their net worth into liquid cash?
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They start selling their assets but it's better if they hand their assets down to someone because they won't be taxed and the new holder will only get taxed on capital gains if they plan to sell, this happened to me when my grand father passed honey well stock down to me when he passed and if I sold it I would only get taxed on what gains I maid since it was handed down.
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Think about it for a minute. A billion is a thousand million. Even if you had $1,000 bills, you would have to count to a million. No body has that kind of time. Also, how would you make the transfer, and where would you keep it?
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They do, but not all of it in one go, otherwise that would ruin their companies (or they simply can't).
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