this post was submitted on 02 Apr 2026
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Late Stage Capitalism
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Securities tax, payable in shares of the security. 2% of all registered securities (stocks, bonds, other financial instruments; anything the SEC would regulate) are transferred to the IRS every year. The IRS liquidates those shares on the open market over time, such that no more than 1% of total traded volume is from the sale of liquidated shares.
Exempt the first $10 million in a portfolio held be a natural person. No exemption for corporate portfolios.
This will drive business ownership and returns away from the ultra-wealthy and toward the working class. If you're a business seeking investor capital, you're getting it from the general public, not the billionaires. The billionaires will be busy pulling their money out of the markets.