this post was submitted on 19 Dec 2023
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I never understood this argument about wealth taxes. Shares are absurdly easy to tax. Just take them. There is no shortage of greedy people to whom those shares are valuable. We'll go ahead and sell them for you.
Want to keep your shares? No problem. You can buy them back from the IRS immediately at the market price they were valued at when we took them. Otherwise, they are transferred to a liquidator for resale on the open market in small lots at regular intervals over the next year or two.