| What are you even talking about? So if someone (you mean an entire, large company with many employees) offers public shares and people buy them, then what happens in your mind? I'm genuinely curious. If I, this newly IPOed founder, 100x my company, now my paper wealth has 100x correct? Now, with that wealth I can follow "buy, borrow, die" so I pay near 0% taxation on these shares. Then, when I do need to liquidate some of my wealth I just pay capital gains. I pay myself $1y in salary so I pay no income tax. I now am 100x wealthier but pay little to no tax on that wealth while all my employees pay 30%+ on nearly every dollar they earn via their salaries. This seems a bit... unfair... don't you think? The employees of this now very wealthy persons company are required for his wealth to continue but they pay at least 2-3x the taxes on a per dollar basis. Add to that the corporation also probably pays a 0% tax rate. A reasonable bare minimum would be to make sure the wealthy and the companies they run pay their fair share in taxes as everyone including these companies benefit from the systems that taxation pays for. It's amazing how many people are falling for billionaire taxation propaganda despite how blatantly obvious it is now... |