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What would this policy look like? Government seizing shares of companies from people if their valuation rises too much?
by bboylen 5y ago
What would this policy look like?
Government seizing shares of companies from people if their valuation rises too much?
- amelius 5y agoA progressive tax.
- sp332 5y agoTaxes usually only apply to income, not assets.
- tshaddox 5y agoIncome taxes are the ones that apply to income. Other taxes apply to other things, e.g. property taxes apply to property and sales taxes apply to sales.
- rtpg 5y agoSo wealth tax then! It’s really just a question of finding metrics and then sending people bills to force them to liquidate or whatever
- bboylen 5y agoAnd what if the stock valuation crashes before they can pay the bill? On hook for money they don't have? Seems almost impossible to implement
- rtpg 5y agoThere are already things in tax law for this kind of stuff. You can write off the losses. If you're rich enough to be hit by this stuff, you're rich enough for an accountant and lawyer to help out with this kind of thing.
- david927 5y agoWe have that already and it's called taxation. What would change would be that it would include a wealth tax that goes to 100% after that threshold. Oh, but don't worry. Greed is such an amazing motivator that it wouldn't take a decade before we accomplished meeting those basic needs.
- andreilys 5y agoSo if you have a private valuation that exceeds $25M you’re forced to somehow pay, even when all your wealth is locked up in illiquid company share?
- AnIdiotOnTheNet 5y agoShare ownership can be transferred.
- Workaccount2 5y agoI had a half baked idea of the government seizing shares, and those become non-voting shares. Those shares are then rolled into a huge fund whose shares are distributed along with tax returns. It would probably amount to essentially free $SPY shares. Didn't think through it much, aiming for a national product that elevates everyone in the country. Kinda like a Norway oil fund.
- deleted 5y ago[deleted]