Yeah. I guess that model implies that the govt will take a percent ownership of whatever you own. I think it would destroy the prospect of high risk high reward ventures like Tesla. Maybe the tax rate can be divided by a volatility metric so investors in high risk ventures aren’t severely punished randomly.
Do you feel random government employees would be more productive and knowledgeable than the owners of the business whose shares were taken away by this scheme? Do you feel good businesses would continue to be good when handled by bureaucrats? Bonus points for the name of a bureaucracy that has done this kind of thing well.
No I don’t support this. I keep trying to figure out how it could work, so I can understand the point of view of the people who propose it. I haven’t seen any salient proposal.
