this post was submitted on 11 Feb 2024
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Yep. A solution is a tax on registered securities. Any individual holding more than $100 million in registered securities owes 5% on that excess value, per year.
Nah. They don't have to liquidate their holdings. We'll go ahead and do that for them. We'll take 5% of each of their positions each year. Transfer them to an IRS liquidator, who will sell them off over months, years, decades if needed, in small quantities, no more than 5% of traded volume per month.