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This seems like a strange issue to get hung up on. In the event that the government is receiving hundreds of billions in tax revenue, that can just give money t
by thundergolfer 6y ago
This seems like a strange issue to get hung up on. In the event that the government is receiving hundreds of billions in tax revenue, that can just give money to the public so that they can buy the stock, or just accept the stock as tax payment.
This would help with the inequality problem of ~10% of the richest Americans owning 90% of all stock.
You could even have a baby bonds program where isn’t of cash sitting in a trust there’s an ETF with a bunch of stock from taxed billionaires.
- forrestthewoods 6y agoOk so Bezos gives X% of his stock to the government per year. So either we’re actually socialists at that point or the US sells it to... somebody; so that cash can be given to or spent in the benefit of people who need actual money and not imaginary money. At some point you have to convert stock to cash. > This would help with the inequality problem of ~10% of the richest Americans owning 90% of all stock. Reducing the value of stock is certainly one way to reduce inequality. Of course that doesn’t _actually_ help anybody. Inequality is mostly, although not entirely, a second-order metric.