Seems like that wasn’t argued, just a maneuver to preserve the control facet of the shares even while surrendering some of the financial value could be seen as acceptable…
Wealth tax is a property tax, and just like I am forced to pay tax based on a presumed amount I could sell my house for, it can absolutely make sense to do the same for stocks. But I can totally accept that whatever that is, it shouldn’t mean someone must cede control of a company based merely on a tax burden.
Of course, that said, these ‘too big’ companies arguably have too much public interest broadly to be focused in so few people, but that’s a separate discussion than the taxation part.
Of course, that said, these ‘too big’ companies arguably have too much public interest broadly to be focused in so few people, but that’s a separate discussion than the taxation part.
I agree, thats a completely separate issue and has nothing to do with a tax or this citizen ballot measure.
Seems like that wasn’t argued, just a maneuver to preserve the control facet of the shares even while surrendering some of the financial value could be seen as acceptable…
Wealth tax is a property tax, and just like I am forced to pay tax based on a presumed amount I could sell my house for, it can absolutely make sense to do the same for stocks. But I can totally accept that whatever that is, it shouldn’t mean someone must cede control of a company based merely on a tax burden.
Of course, that said, these ‘too big’ companies arguably have too much public interest broadly to be focused in so few people, but that’s a separate discussion than the taxation part.
I agree, thats a completely separate issue and has nothing to do with a tax or this citizen ballot measure.