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> What would trying to sell billions in stock at once Let them pay their taxes with stocks. Problem solved.
by donmcronald 2y ago
> What would trying to sell billions in stock at once
Let them pay their taxes with stocks. Problem solved.
- jmb99 2y agoIgnoring the many other reasons why that would be problematic, what happens when the US government suddenly owns notable (or even controlling) stakes in companies?
- x-complexity 2y ago> what happens when the US government suddenly owns notable (or even controlling) stakes in companies? This is effectively similar to nationalization, along with the pros and cons that come with it.
- gunapologist99 2y agoI'd love to see a list of pros. There are no pros. It's effectively death to competitors and actually extremely damaging to the companies themselves as well.
- donmcronald 2y agoMake those shares non-voting,
- Nasrudith 2y agoYou would effectively have corruption. Governments would be more reluctant to take actions which could be negative when they have direct ownership vs their normal "indirect ownership" via taxation.
- gunapologist99 2y agoExactly -- or with a piece of their real estate! Just take a chainsaw, cut a bedroom and bathroom out, and the government gets that piece.
- randerson 2y agoIn the proposal, people whose assets are mostly illiquid are excluded from this tax.
- deleted 2y ago[deleted]
- tracker1 2y agoOr tax them on the loans they take against their assets (effectively realized gains)... problem solved without tanking the economy.