Earlier quoted context omitted.
> Apple stock is ~0.4%, a 0.8%/year wealth tax would triple the number of sellers without adding any new buyers Only if the tax had to be paid in US dollars. But it could just as easily be paid in Apple stock. The government doesn't have to sell the stock. It could keep it (disallow voting shares by law) and spend the dividends.
> It could keep it (disallow voting shares by law) and spend the dividends. And if the stock doesn't yield dividends?
The best part is this works for private companies too. If you work at a startup and get options, now you don't have to pay taxes (as cash) for options you exercise which later turn out to be worthless. You can just hand the government some of your shares. Later down the line, the government either shares in your windfall or misses out along with you. Very fair.