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Non-Tech : Kirk's Market Thoughts
COHR 187.61+1.3%3:37 PM EST
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To: Kirk © who wrote (11984)9/15/2021 3:48:06 PM
From: Elroy  Read Replies (1) of 27019
 
Here's what I think would be a great tax.

The market cap tax. For all publicly traded entities, each year have the federal government require the entity to issue some percent of shares (say, 1.00% of shares outstanding), and give them to the government. It could happen ratably each trading day of the year. And the government sells them on the day the shares are received, producing the revenue.

Then, the interests of the entity, the government and the shareholders are all aligned - all three groups want higher share prices.

There's no funny GAAP accounting, no loopholes, no need to calculate much of anything complicated. Basically - it's a wealth tax on publicly traded entities.

Whattaya think?
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