Under a 3% wealth tax, Bezos’ first-year “fair share” exceeds *all* his liquid assets. Founders’ wealth is in their companies, not yachts. There’s nothing worth enough to sell but ownership stake. A cartoon vision of wealth is going to dismantle the strongest economy in the world
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(2) Tech investors are WONDERFULLY *not* averse to risk. It's made them, along with their founders, extremely wealthy. Which means they are also subject to a 3% tax on everything they own, which is mostly... portfolios of tech companies.
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What happens to all the founder/investor stock that *only* very successful owners have to sell off? Maybe their funds buy more of it back. Maybe VC compensation shifts rapidly from stock to income, further eroding skin in the game. Maybe less successful investors snap it up.
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