I don’t think I’ve heard a definition of “security” that would refer to either of those examples. Perhaps “registered securities” is closer to my intended meaning?
I would not intend for this tax to apply to personal assets or the owner’s primary residence, but it is not particularly difficult to divide ownership of real property among multiple entities. Applied to investment properties, the government would basically be a lienholder.
Part of the reason we call some securities liquid, vs not, is that some can’t easily be divided.
The govt can’t easily take hold of 1.3% of someone’s family mansion. Or a rare painting that they got hold of.
I don’t think I’ve heard a definition of “security” that would refer to either of those examples. Perhaps “registered securities” is closer to my intended meaning?
I would not intend for this tax to apply to personal assets or the owner’s primary residence, but it is not particularly difficult to divide ownership of real property among multiple entities. Applied to investment properties, the government would basically be a lienholder.