The heirs of late Samsung Group Chairman Lee Kun-hee offloaded about 1.8 trillion won ($1.3 billion) worth of Samsung Electronics Co. shares through a block de
Need a “securities” tax, payable in shares of the security. An annual assessment of 1% of all shares owned, transferred directly to an IRS liquidation department. The liquidated shares will be sold off to the general public over time, such that no more than 1% of total traded volume of the security are liquidated shares.
Individual investors can exempt up to $10 million in value from the tax. Artificial persons (corporations, trusts, any “owner” that isn’t human) are non-exempt.
Basically, stocks, bonds, and other financial instruments become more valuable assets to the working class, but carry more liabilities for the problem class.
Need a “securities” tax, payable in shares of the security. An annual assessment of 1% of all shares owned, transferred directly to an IRS liquidation department. The liquidated shares will be sold off to the general public over time, such that no more than 1% of total traded volume of the security are liquidated shares.
Individual investors can exempt up to $10 million in value from the tax. Artificial persons (corporations, trusts, any “owner” that isn’t human) are non-exempt.
Basically, stocks, bonds, and other financial instruments become more valuable assets to the working class, but carry more liabilities for the problem class.