[olddustytrail]

I would only allow one level: all companies must be owned by a person or persons named.

I would also have it that any contract controlling that person's interest is nullified so if you're trying to use a proxy to get around the law you'd have to be very sure you trust them because they are the legal owner.

[astrange]

Why do you want to ban social wealth funds?

(Also, any form of equity investing that isn't a tax nightmare. You'd have to love doing K1s.)

[olddustytrail]

Ah yeah, all the many social wealth funds that are owned by people without names. Such a loss!

I've no idea what a K1 is. Presumably something from your country. If the tax system in your country is so broken it can't cope with humans, you should probably fix it.

[astrange]

A social wealth fund owns companies and isn't a named person. So does any pension fund.

[olddustytrail]

Pensions are owned by people. Social wealth funds can be an exception if required. These are not difficult problems to solve.

[astrange]

> Pensions are owned by people.

No they aren't, that's the point of a defined-benefit system like a pension. You don't own it but instead get guaranteed payments from it.

Owning things involves risk; it's not always good.

[olddustytrail]

You have a defined benefit pension? In the UK they've all gone contribution.

So my pension is owned by me. I can buy an annuity from that but there's no reason that can't be a service company owned by a person just like insurance.

Again, it's solvable.