So basically what will happen is what happens now, the ownership will be hidden trough trusts, multiple companies and other schemes.
It's hard to expropriate from (on average) the most active members of society that have build their own businesses and have reaped benefit based on free market economics and are mobile geographically, and not risk averse.
The bigger problem is not the tax, but how it is used. If you have a leaky bucket, no matter how much water you put in, it won't hold.
With all the technologies, the way to improve the society is through more transparency on how the money is spent, breaking over regulated sectors with inherent oligopolies and let the people keep what they earn.
That wealth has been taxed already when the profits were realised and will be taxed again on consumption.
The CEO hasn't build shit, he has been a manager all his life working for a salary and a bonus, so he might not understand the psychology of a person who risks a lot and gets paid voluntary by the value he provides to his customers.
It's hard to expropriate from (on average) the most active members of society that have build their own businesses and have reaped benefit based on free market economics and are mobile geographically, and not risk averse.
The bigger problem is not the tax, but how it is used. If you have a leaky bucket, no matter how much water you put in, it won't hold.
With all the technologies, the way to improve the society is through more transparency on how the money is spent, breaking over regulated sectors with inherent oligopolies and let the people keep what they earn.
That wealth has been taxed already when the profits were realised and will be taxed again on consumption.
The CEO hasn't build shit, he has been a manager all his life working for a salary and a bonus, so he might not understand the psychology of a person who risks a lot and gets paid voluntary by the value he provides to his customers.