“Seems to me that everybody will end up with less and less every year.”
Warren Buffett probably gets a 12% annual return, so after paying 4% wealth tax, he’ll be up 8% a year.
“everybody”
Hardly, this is a tax on the equity in assets of wealthy people.
Are you wealthy? If not, no wealth tax on you.
here's the problem: THAT DOESN'T MATTER.
It is morally and financially unjust, and is in repudiation of everything this forum stands for.
Let me guess, next you'll come up with a Reasonable Idea About Restricting Semiautomatic Firearms.
You seem to have a whole lot of free time on your hands.
Maybe if you did soemthign productive with it rather than dreaming up schemes you’d be a little less eager to tax everyone’s wealth
“This is a tax on the equity assets of wealthy people”
You’re either a troll or an envious loser. Did you just discover Marx?