What is this crazy blogger writing about now? Comparing an IPO to a game show.
Well, that’s not exactly what I’m getting at.
The price that the owners of the stock before the IPO make a killing if (and it does) the price rises extremely high. My idea is just like the game show: the price is right (if you win something like a car), you are charged the full retail of the commodity in taxes (a car loses value as soon as you take it home). Well, the United States needs to help pay off its debt, so why not help pay off the debt by having the so-called gains of the person making the money the first day and possibly months later on the gains, so the rich slob should be treated like the poor slob, and we the people can help pay off our national debt.
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