> How is he supposed to be able to pay that fine without having to "offload a crazy amount of assets, including stocks", which according to you would be the problem?
That's only a taxation issue, we where no longer talking about that. We where on regulation poor behaviour, which I suggested we do via punishment. In that case I do not care if his business is ruined, in fact that might be my explicit goal. For taxing I would want to be able to tax him year after year.
But you still haven't come up with any alternative approach for addressing "the increasingly egotistic and damaging behaviour" that doesn't involve taxation in some form, which is explicitly the thing you think could be done better.
What kind of punishment? Are you suggesting jail time for "egoistic and damaging behaviour", or what the is the concrete alternative you're actually suggesting?
No I suggested that in the worst case you remove their rights to run a business ever again. Force close their companies and sell of the assets. If you consider a fine a tax, then sure it's taxation.
For "normal" taxes I would like to avoid undermining peoples business, but for fines I don't care. If you need to take a massive lose on your assets to pay the fine, I don't care, you should have thought of that.
That's only a taxation issue, we where no longer talking about that. We where on regulation poor behaviour, which I suggested we do via punishment. In that case I do not care if his business is ruined, in fact that might be my explicit goal. For taxing I would want to be able to tax him year after year.