Because his shares on "Tim Sweeney angel fund LLC" would appreciate every year and he'd have to pay the same taxes on unrealized gains. The only way to avoid t

Because his shares on "Tim Sweeney angel fund LLC" would appreciate every year and he'd have to pay the same taxes on unrealized gains. The only way to avoid this is being a foreigner. Effectively, what they'll accomplish with this tax is either: 1) Letting only foreign billionaires control American companies; or 2) Force American entrepreneurs to waive their citizenship (which, in practice, is #1). So, yeah, it seems these politicians are either blind or are legislating against American entrepreneurship, in favor of foreign billionaires.