• Rivalarrival@lemmy.today
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    6 months ago

    We can tax registered securities. Stock holdings. We can take 5% or 50% of all outstanding shares, each and every year, and transfer them to IRS liquidators to be resold in small lots over time.

    We can exempt the first $10 million held by a natural person, (which exempts about 99.5% of the populace from the securities tax) and establish a progressive tax schedule that causes the tax rate to exceed average gains when holding more than $100 million worth of securities.