I would consider it very destabilizing idea and an affront to fairness really.
As an example, Wouldn't that mean that if my startup raises a round of 1m for 10%, my NW would go to 0 to 9m. 6% of that would be around 0.5m, and 30% tax would mean I would have to pay 162,000 EUR in taxes.
As a cash poor founder how do you suggest I pay that.
That's why taxing income and not wealth has been the norm.
As an example, Wouldn't that mean that if my startup raises a round of 1m for 10%, my NW would go to 0 to 9m. 6% of that would be around 0.5m, and 30% tax would mean I would have to pay 162,000 EUR in taxes.
As a cash poor founder how do you suggest I pay that.
That's why taxing income and not wealth has been the norm.