Hold up... are you saying that everyone who is working but not employed part/full-time by someone else should pay double the taxes? Why on earth would you think that?

I don't remember from the top of my head and don't have time to check right now but the worth of the commercial paper you own does not actually influences your tax rate. Only when you buy or sell them that's when you are taxed. If to follow your logic, since cash is also paper so the loss of that paper shouldn't influence your tax rate :D

I'm all for simplifying the tax code, closing loopholes and even better getting on some sort of flat tax with limited deductions.