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

  • agamemnonymous@sh.itjust.worksOPMEnglish
    2·
    24 days ago

    It’s not perfectly effective. It accomplishes something.

    Some of us don’t want to live our lives on standby until the rules of the game change. Sure, we should change them, but that’s a multi-generational task.

    • minorkeys@sh.itjust.worksEnglish
      1·
      24 days ago

      It isn’t effective enough to be worth doing. I’m not chasing perfection, as you keep insisting, just recognizing history.

      • agamemnonymous@sh.itjust.worksOPMEnglish
        1·
        23 days ago

        When has this kind of direct taxation through stock dilution been tried historically? I don’t see any history to recognize here. The article explains how it couldn’t be dodged like other taxes, so historical wealth taxation isn’t relevant.

            • minorkeys@sh.itjust.worksEnglish
              1·
              23 days ago

              I did read it, did you? It takes 1.5% of all companies in the form of stock or ownership, that are big enough, and gives it the citizenry every year. Seizes assets and give it to citizens. Then it gets sold to…whoever the fund manager decides, and it is all easily corruptible and that is exactly what would happen if it ever managed to pass, which it won’t.