Re:Modeling a Wealth Tax
by OliverGilan on Tuesday August 18, 2020 @04:56PM
(#24204237)
Just want to say I appreciate how civil you've been and thorough in replying to the comments. You've added so much knowledge and wisdom to this whole discussion I wish I could save all your comments.
- ownership percentage (0-100%)
- company value (50M - $2T)
The Cartesian product of all ownership * value that work out to > $50M is substantial enough that it's 1) probably not fair to individual business owners to force them to divest to raise a minuscule percentage of the Federal budget, and 2) probably not worth the potentially disastrous 2nd-order effects on pension funds and investment funds that are largely predicated on stable/competent corporate ownership.
In any case, it sounds like you've conceded that there is a forced divestiture, and now the argument boils down to: "is that justified?"