I wouldn't way it neutralizes democracy, just makes it less effective. To me the core mechanic of modern democracies is control of society through legislative p

I wouldn't way it neutralizes democracy, just makes it less effective. To me the core mechanic of modern democracies is control of society through legislative power and the democratic procedure to rotate those that have it. Taxation, even if just nominal, is one of the most powerful proven mechanisms to control human behavior. This is effectively a tax on changing legislation, thus impeding the democratic process. Effectively this says that the rights of the stock holders to profits are more valuable than the rights of the citizens. Which is a rule that has been historically enforced in various countries time and again. No wonder this is secret. Everyone who gets most of their livelihood through labor and not capital investment are the unwilling benefactors.