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I don't think anyone is arguing to tax any unrealized gains except the exceptionally wealthy? Like can you argue that someone worth over 100mm would be hurt by
by dillondoyle 5y ago
I don't think anyone is arguing to tax any unrealized gains except the exceptionally wealthy? Like can you argue that someone worth over 100mm would be hurt by say 1% annually?
I can see an argument for executive controlled corps, like Zuckerberg wants to maintain control of a company. But it seems like there are many ways Zuck for instance could avoid losing his voting power or restructure some even odder special share class so it doesn't matter.
If he doesn't want to pay cash maybe even allow treasury to hold this 1% as stock and pass the voting power back to the owner.
Opens a HUGE can of worms in many ways (hold, sell, incentives to increase value can be bad for the rest of us).
But I like the fundamental concept of adding back benefit for OUR gov for all we do to help.
if the rest of us taxpayers are giving huge support to the market and corporations like QE, stimi, loose regulation/tax law, trade wars, whatever, we should also get some of the gains to fund services or lower taxes on the other 50 or even 99%.