• Rivalarrival@lemmy.todayEnglish
    222·
    25 days ago

    1% tax on all registered securities, payable in shares of those securities. The SEC just confiscates 1% of every position, and conveys them to an IRS liquidator. The liquidator sells them off in small lots over time, comprising no more than 1% of total traded shares. Securities with negative values are returned.

    Once completely phased in, natural persons will be exempt on their first $10 million in registered securities. Corporate-owned securities will not be exempt: the are taxed from their first share.

    We tax only the problematic portion of their wealth: their wealth-generating assets. We auction those assets off to the general public.

    • Welt@lazysoci.alEnglish
      8·
      25 days ago

      You sound like you know what you’re talking about, and convey it with spectrum-like precision. I throw my hat and my heart entirely to making your dream come true. Hoo, hoo (hoo-oo-hoo)