(3) There usually aren't dividends. Capital gains isn't a thing until stock is sold. You *could* transfer an increasing ownership stake in virtually every highly successful business to the federal government, but obviously DON'T DO THAT.
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Replying to @robertwiblin
If you zoom out a bit, what this looks like is the federal government gradually taking ownership of the country's most successful businesses under the guise of a tax that doesn't actually raise revenue. At bare minimum, this looks very, VERY bad
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Replying to @robertwiblin @webdevMason
Rob, when did Amazon last pay divs? In fact, with your proposal, Amazon would be gov majority, with no cash! Instead of Bezos / mgmt focusing on building the most consumer focused company in the world, they'd slowly be eaten by a crocodile
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Replying to @robertwiblin @webdevMason
I guess in effect this would be the same as a CGT tax, but a CGT tax *caps* the tax on company building - ie. at tax rate of [~22.5%] (im Aus) which would be ~7 years of company building under a 3% annual tax. Not obscene that after 30 years of building your co, gov owns 90%?
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I’m kinda shocked that you don’t seem to find the “people aren’t going to emigrate here to found a state-owned business” argument very convincing...?
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