What a stupid post. Where do you get your economics from? This is straight up Fox News gaslighting nonsense.
- This wouldn't incentivize companies to go public. The private owners would have a much harder time hiding their worth and folding it back into the business to keep their personal worth below $50mm after an IPO. The point of an IPO is to convert theoretical business wealth into real personal wealth. When they IPO the large shareholders (the original owners) are now on record for exactly what their stock is worth, where it's much easier to depress the company value when it's private.
- You think that a personal wealth tax would discourage companies to re-invest profit back into the company by way of hires, salary, benefits, and infrastructure? You actually think that? It would literally do the exact opposite. Instead of shareholders draining companies dry to maximize their personal wealth, this would incentivize reinvestment into the company. This is beyond basic.
Stick to your core competencies Lobo. Because your take on this is trash.