There needs to be a liquid net worth and asset accumulation component to this. Walk with me here…
I’m the early 200’s, a lot of workers were offered stock as compensation for companies like Google, Amazon, eBay…etc. They were paid little, and would get nothing on the backend of the company wasn’t successful.
Post-success, these companies kept these people on board to reap some profits, sure, but it was all on paper, and if it hadn’t worked out, they’d be left with nothing.
If somebody who came out of that mess with liquid cash in the millions or billions, AND was enjoying the ability to lock up that money in the market without any gains taxes…they should absolutely be able to pay the same rate as anyone else making a miniscule amount of money, but paying 24% of their earned money on taxes.
It’s fair, and it even helps to normalize the market to stop stocks from getting so out of control that they are unaffordable for the common investors with little means.
There needs to be a liquid net worth and asset accumulation component to this. Walk with me here…
I’m the early 200’s, a lot of workers were offered stock as compensation for companies like Google, Amazon, eBay…etc. They were paid little, and would get nothing on the backend of the company wasn’t successful.
Post-success, these companies kept these people on board to reap some profits, sure, but it was all on paper, and if it hadn’t worked out, they’d be left with nothing.
If somebody who came out of that mess with liquid cash in the millions or billions, AND was enjoying the ability to lock up that money in the market without any gains taxes…they should absolutely be able to pay the same rate as anyone else making a miniscule amount of money, but paying 24% of their earned money on taxes.
It’s fair, and it even helps to normalize the market to stop stocks from getting so out of control that they are unaffordable for the common investors with little means.