> I'm also willing to bet that a large portion of the revenue generated from this scheme will be spent on the manpower necessary to enforce it. Yep. You can se

> I'm also willing to bet that a large portion of the revenue generated from this scheme will be spent on the manpower necessary to enforce it. Yep. You can see that with wealth taxes. Most countries that have wealth taxes (e.g. France) make close to nothing from them, because it's inefficient to verify and collect all the data to properly levy the tax, and you need a lot of civil servants for that.