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this post was submitted on 16 May 2026
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I don't think that would actually do anything at all. Banks would just loosen their lending requirements, and all those securities-backed loans would just become personal loans to high-net-worth individuals. The investment portfolios of the ultra-rich need to be directly targeted.
I'd take 1% per year. This tax is only on the obscenely-wealthy. Every natural person can exempt $1 million of their total portfolio. No exemptions for artificial persons. The IRS is limited to liquidating no more than 1% of total traded volume of any issue on any given day: >99% of trades will be market trades, so the IRS shares will have minimal effect on value.