Yea this is a bad idea. All this will do is force small investors-think people that have made maybe a million dollars in their life and are retiring at 70-to pay taxes they don’t have cash to pay.
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I only make enough money to keep my family in this house and warm over the winter. But I am worth 10 billion dollars and would like a 10million dollar 💵💰 loan and forgiveness as I venture into this unknown business deal. Sounds good? Shake on it?
I am sure if net worth was based strictly on taxed earnings, most rich people would get in line to get their money taxed so that they can boast about it in their yacht owners club meetings
I've got a guillotine they can put to good use.
If the rich and the poor are fighting, no one can protect the Republic. The founding fathers intended no income tax and for corporations to pay the entire bill. It's time that became a reality.