It’s not even all wealth that is the problem. The problem is their wealth is held in financial assets designed to strip wealth from workers and deliver it to hoarders.
We need a securities tax, payable not in dollars, but in shares of the security. Exempt the first $10 million held by a natural person. IRS liquidators will sell off the shares slowly over time, such that the liquidated shares will never consist of more than 1% of total traded shares of that issue.
It’s not even all wealth that is the problem. The problem is their wealth is held in financial assets designed to strip wealth from workers and deliver it to hoarders.
We need a securities tax, payable not in dollars, but in shares of the security. Exempt the first $10 million held by a natural person. IRS liquidators will sell off the shares slowly over time, such that the liquidated shares will never consist of more than 1% of total traded shares of that issue.