A 1.5% annual stock dilution tax on corporations with revenue over $100M would raise over $1.4 trillion a year — enough to send every American about $365 a month, automatically.
Personally, I’d like to abolish the stock market altogether. But this is an attractive, actionable policy
I found this counter argument pretty compelling: the trouble is that investments are extremely mobile, and fairly cheap to obfuscate. Incorporating a big effective business is not. Property is not.
We are already spending billions upon billions spying and monitoring the American people. I’m betting we can turn a bit of that onto tracking investments.
I mean, we already do. It’s not all that effective afaik? Preventing foreign ransomware from extracting money from american(-businesse)s via bitcoin is clearly within the state’s mandate and incentives, has reliable bipartisan support, and seems like a pretty similar situation. We can’t track and protect funds on a public ledger as it stands, and journalists struggle to track PAC political funding. I’m not sure the spy-state is up to it tbh.
I found this counter argument pretty compelling: the trouble is that investments are extremely mobile, and fairly cheap to obfuscate. Incorporating a big effective business is not. Property is not.
We are already spending billions upon billions spying and monitoring the American people. I’m betting we can turn a bit of that onto tracking investments.
I mean, we already do. It’s not all that effective afaik? Preventing foreign ransomware from extracting money from american(-businesse)s via bitcoin is clearly within the state’s mandate and incentives, has reliable bipartisan support, and seems like a pretty similar situation. We can’t track and protect funds on a public ledger as it stands, and journalists struggle to track PAC political funding. I’m not sure the spy-state is up to it tbh.