> it discourages saving. Taxing wealth encourages investment because you have to turn a yearly return in excess of the wealth tax to not have your wealth shrin

> it discourages saving. Taxing wealth encourages investment because you have to turn a yearly return in excess of the wealth tax to not have your wealth shrink. The incentives to be wealthy will never disappear. Taxing wealth just makes it harder and makes sure that those who are wealthy work for it.