They can pay with shares into a state fund and the state could even return the voting power. It can be done if we want it. That was in a proposal in French legislation for example, so it's not 100% crazy and to me it seems completely natural.
How is that not the obvious comeback to the argument "wealth is stocks so we can't tax it"? Is there an obvious downside?
How is that not the obvious comeback to the argument "wealth is stocks so we can't tax it"? Is there an obvious downside?