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Cake day: June 12th, 2023

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  • I’ll preface this by saying the 1%'s stock holdings are pretty much the last thing I’m worried about protecting. But it could be as simple as requiring your wealth to be under the limit when you file your taxes. Let’s say it’s a billion dollars (I would argue it should be much lower). If you end the year with 11 billion dollars in wealth, you owe the government 10 billion dollars. There are controls we can put in place to prevent stock manipulation, similar to the ones we have now. Just actually enforced.