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capital b
@boomerdavis.bsky.social

Everyone below a certain threshold should have access to 7-11% gains though. The argument needs to be what the wealth threshold is...or maybe whether to make the taxation progressive after the threshold.

Scott Santens
@scottsantens.com

From my article: "Add a wealth tax of 1% above $50 million, 2% above $1 billion, and 3% above $10 billion." Stock dilution would be a universal 1.5% and LVT would be state by state and start with 1%.

capital b
@boomerdavis.bsky.social

Hard no to universal stock dilution...because you'd be diluting my gains too when I need them the most. But if you want to slap a $50M net worth threshold on it, that's okay, because I am nowhere near ambitious (or grifty) enough to make $50M in this life.

Scott Santens
@scottsantens.com

What I'm proposing comes with a UBI which functions as a rebate. Unless you have more than a million in wealth as a household of two, you'd come out ahead. And if you are a millionaire, congrats! scottsantens.substack.com/p/how-to-pay...

scottsantens.substack.comHow Do We Pay for Universal Basic Income? Tax Stock the Way Companies Already Issue It.A 1.5% annual stock dilution tax on corporations with revenue over $100M would raise over $1.4 trillion a year — enough to send every American about $365 a month, automatically.