If you can’t figure out how to turn enough profit on your $10B company to pay the wealth tax, then you have to sell enough of it to pay the tax, and someone else gets more say in how the company runs.

What’s actually more likely to happen is executives would take a higher salary to pay the taxes and pay their employees less, because the last thing they want to do is be forced to sell shares which is the same as giving up ownership and control of their company at that level.

So yes there might be more taxes, but itd be at the disadvantage of the employees, and the government will give it all to DND anyway and you’ll never see a dime of it.

Edit: and if they were forced to sell shares, its going to be other mega corps, private equity or hedge funds buying it, they’ll still treat the company terribly, probably more so than the people who built it and cared about it, with an eventual hostile takeover as they accumulate more and more.

Edit: to be clear, I think this is a bad idea, but I do support taxing usage of unrealized gains. Thats pretty much how existing taxes work minus the gaping loophole that let’s them not pay until they die, where they then get tax advantages.