If someone owns a billion dollar company (based on the price of their shares of stock) we call them a billionaire but they might not have very much money in cash (say a few million).
The moment shares are used as a source of value to leverage, they should be taxed on that assessed value. Because this is also how so many of the wealthy can get away with “$0 income” - they are “paid” in shares, then turn around and use those shares to get loans from the bank to pay their living expenses. They essentially leverage shares for tax-free income.
If any and all leverage on shares are taxed on that assessed leverage, the Parasite Class would no longer have any way to shield their obscene wealth from taxation.
And they hallucinate uncontrollably. You literally cannot trust their output.