Mason  🏃‍♂️ ✂️

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.

(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.

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

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