somethingp , 3 months ago (edited 3 months ago)

I agree a wealth tax is difficult to implement, but that alone is not a reason to dismiss the idea. Also, for shares, you can always sell shares to pay the taxes that are due. The point of wealth tax is to wealth, not income. Much like a property tax. I don’t understand why they would be forced to limit their own income potential (by closing factories or decreasing production) in order to pay taxes on wealth they own.