It seems like capitalism really needs something like a wealth tax -- ideally with the rate tied to the change in concentration of wealth over the whole society,

It seems like capitalism really needs something like a wealth tax -- ideally with the rate tied to the change in concentration of wealth over the whole society, so during periods of time when capital is concentrating, the wealth tax goes up vs epochs when it does not... Interestingly, I was reading about the idea of a wealth tax and came across this depressing nugget ...: > In 1999, Donald Trump proposed for the United States a one off 14.25% wealth tax on the net worth of individuals and trusts worth $10 million or more. Trump claimed that this would generate $5.7 trillion in new taxes, which could be used to eliminate the national debt.[18] A net wealth tax may also be designed to be revenue neutral as where it is used to broaden the tax base, stabilize the economy and reduce individual income and other taxes[citation needed].