This is virtual communism. He wants the government to own 44.6% of the profits of corporations. Under communism, it would be 100%.
So why start a business if the government is going to confiscate your profits and give them to countries that are blackmailing biden, new arrivals who are getting everything free, non-Whites who will get a lifetime income (reparations), unstable people who hate their sex, and countries that hate ours.