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Re:Modeling a Wealth Tax by nybble41 on Tuesday August 18, 2020 @11:25AM (#24199801)
Owning shares isn't only about wealth, it's also about control. The kinds of people that create successful startups aren't likely, as a rule, to give them up without a fight. By the time you've divested 50% of your shares in the company you founded it's no longer your company, and yet with 50% in one company you're still nowhere near sufficiently diversified to be able to count on those average market returns.
Re:Modeling a Wealth Tax by clairity on Tuesday August 18, 2020 @12:20PM (#24200591)
no, you don't divest and lose control, because you can pay taxes and diversify without selling shares (incidentally, this is similar in shape to a credit default swap). even so, you don't need 50% of the shares to control a company. in both of these instances, there are many more ways than one to skin a cat.