What about people going from "negative net worth, but employed" to "laid off because the company's stock price is down"?
the exact same could be said if you taxed corporations more w.r.t. lay-offs so no I don’t really care. unless you’re arguing that taxing corporations similar to these tariff amounts wouldn’t result in layoffs?
No, but I needed some kind of number (100k in equities would be middle/upper-middle class?). Ah; I should’ve gone with 10m-to-1m and 100k-to-10k income. Those are reasonable numbers for either end of the scale, and illustrate the point.