[AdSimp]

I am confused, how would this idea work in practice? An asset is only worth something because there are willing buyers at a certain price. If you tell the top 10% to liquidate 3% of their assets, there has to be buyers, but the buyers would be busy selling to come up with funds to pay their tax, and the price would collapse from lack of buyers. I don't expect the remaining 90% to have enough cash to take advantage of the cheap stocks.

If the government instead says, sign over 3% of your assets, the same problem exists, only it is the government that has to find, or print, the ready cash. I don't see how this turns into spendable money.

I am now taking the Hillsdale economics 101 class, so go easy on me if this is a stupid question.

[pluvmantelo]

China holds (roughly) 2 trillion U.S. dollars. They could snap up some bargains.