Modeling a Wealth Tax
I would much prefer a &#x27;cash on hand&#x27; tax that would tax yearly the cash on hand that exceeds $1B. That private companies can just sit on all this capital rather than putting it to work in the economy is a real problem. It harms GDP and it harms working class people.<p>By some estimates its $325B[1]. If we forced companies to invest that cash in new ventures rather than sit on it, it would be a win.<p>[1] <a href="https:&#x2F;&#x2F;www.investors.com&#x2F;etfs-and-funds&#x2F;sectors&#x2F;sp500-companies-stockpile-325-billion-cash-financial-mayhem-cornavirus-stock-market-crash&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.investors.com&#x2F;etfs-and-funds&#x2F;sectors&#x2F;sp500-compa...</a>