I’m don’t think that straight-up wealth confiscation would work either. There just isn’t enough.
On the US Debt Clock website, it shows the total Corporate Assets at $22.4 trillion. Total household assets = $83.3 trillion.
May not work, not enough for the debt, but that is where the money is!! And easier than raising taxes!!
It will be done, if it is done, under the same Nanny state thinking and promotion.....We are doing this for you, we will protect your money from the filthy rich, dirty, etc, bankers and money advisors and invest it in gov and make sure your money is SAFE!!!!
It may be the straw that breaks things lose. Have no idea there.