Corporations aren't a thing. They're a legal construct. They're owned by shareholders, who are mostly institutional investors ... pension funds, 401k, etc ... everyday people. So you will be taxing everyone. The same people who already pay income taxes on their earnings. And that's assuming they don't just pass the additional cost down via increased prices on whatever it is they produce.
If you want to tax the wealthy, this is not the way to do it.
Corporations aren't a thing. They're a legal construct. They're owned by shareholders, who are mostly institutional investors ... pension funds, 401k, etc ... everyday people. So you will be taxing everyone. The same people who already pay income taxes on their earnings. And that's assuming they don't just pass the additional cost down via increased prices on whatever it is they produce.
If you want to tax the wealthy, this is not the way to do it.