I think most Americans already get taxed on their bank balance, by their bank, inversely proportionate to how much they have, so it's not alien from that side -

I think most Americans already get taxed on their bank balance, by their bank, inversely proportionate to how much they have, so it's not alien from that side - and it's also pretty much identical to real estate taxes which people are already used to paying... in fact a good way to sell a wealth tax might be by saying "Hey, you know how you pay taxes on your property? There are people out there so rich that they've got millions not even tied up in assets, maybe that wealth of theirs should be taxed the same as the wealth of yours - And don't forget, you don't even fully own your property, the bank has half." It's an interesting way to consider the tax.