• Chriskmee@lemm.ee
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    1 year ago

    It’s one thing to willfully sell some company shares to investors, it’s another to be forced to give up more shares just to pay taxes on wealth because of those shares.

    This brings up an interesting point though, let’s say it’s a private company worth billions, where one person owns 100% of the shares, do you force them to sell also?

    People may not start a business with the intent to be a billionaire, but if we say that if you make it that far we will just tax you so much you will be forced to sell away your ownership, who would keep their company here when they get close to that? I think it’s telling that many of the most successful worldwide companies are US companies.