Nobody in the tax brackets we're talking about has wealth because of a job they. They have it because of ownership stakes.
The only way to value ownership stakes is via accounting.
Otherwise, we'll have the current system, where it's trivial for the ultra wealthy to both (a) have exclusive control over things and (b) not own them in a tax incurring sense.
Ergo, the solution is to flow tax liability along the same thing they want -- control.
The only way to value ownership stakes is via accounting.
Otherwise, we'll have the current system, where it's trivial for the ultra wealthy to both (a) have exclusive control over things and (b) not own them in a tax incurring sense.
Ergo, the solution is to flow tax liability along the same thing they want -- control.