[davemel37]

I really want to believe in this idea and I really wish human nature and greed weren't relevant to this discussion...but this is one of those ideas (like communism) that looks great on paper but are destructive in action.

Just watch the final table of the world series of poker and you'll see what I mean. The guy who comes in second place or for that matter ninth place becomes a millionaire, yet he feels crushed and robbed by the few ahead of him.

People are generally terrible at being happy with what they have and the age old maxim is still true that he who gets $100 wants $200.

All these folks being taxed...even if they agreed initially will feel robbed by the recipients and resent them, and who knows how messy it might get. People are weird when it comes to their money.This will especially rear it's ugly head when peoples shares on paper cross their financial freedom number on paper prior to a liquidity event. (I.e. by each round of financing and a valuation is set.)