-Here in the UK, a tax of just 2% on assets of more than 10m would generate 24bn a year. It would affect only 20,000 people and would raise an incredible sum that would help us to invest in a fairer, more sustainable society."
Good luck.
I don't take authors of such articles seriously. It's as if they are a plant from someone like Musk to suggest an idea that has no chance of passing.
At least not in this country.
There are ways to tax the income at high levels.
unearned income for example. start going after that. billionaires who derive millions a year in interest, dividends, income from LLCs, etc.....we don't hit that hard at all. Go after that.
Taxing wealth is not something we are structured to do at all. It's an idea that is suggested on purpose so the idea dies. It's that bad of an idea.
I had the privilege of being at the Chiefs/Bills game.
totally awesome.