I was not in the chorus of people whining about @aoc, @ewarren or @berniesander's calls for higher marginal income or wealth taxes, but I honestly have no idea how we would do this and how it wouldn't have negative impacts on business formation, entrepreneurship.
If you want foreign cos to dominate global tech markets and to cede leadership to them given that they’ve now duplicated the venture model over the last 20 years from the US, cool, this would be one way to do it.
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This is a massive strawman but I think you know that. There is a large degree of separation between MTM taxation and getting blown out by global competitors
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And to be clear I agree not all illiquid assets necessarily should (or would need to be) taxed on a MTM basis. Will be interesting to see how the fleshed out proposals deal with these questions.
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