I don't get the enthusiasm for raising money from corporate income taxes versus individual income tax. Mr. Rich Moneybags pays the same corporate income taxes per share of Berkshire as Joe Schmoe, whose entire retirement pot might be a single BRK.A.
Taking the tax money as corporate tax means they end up paying the same percentage, without Moneybags’ CPA leveraging shell companies and loopholes to avoid tax than Schmoe pays.
What if the market goes down? Well, I just wait for it to go back up again. I can easily afford to wait, my margin of safety is huge. Since the margin loan is for 2 million, and I need a 50% margin of safety by law, then the portfolio value would need to decline to 2 million (98% decline) before my loan gets called.