It’s paper wealth. If you forced a sell off, the value would plummet. Look at revenue.

Maybe a direct transfer then. Don’t have to worry about share prices when the tax is a % of shares owned.

Do you think the government should start owning shares? Seems problematic. Instead, we could tax realized gains and profits. I think in general this is all just a round about way of doing the taxation we already do, just more of it. Which I support (except for the needlessly antagonistic populist tone), for the same reason I support some cutting of government spending. We legitimately do have too much federal debt right now.