I agree with Paul here; A Wealth Tax adds a seemingly arbitrary additional rule that is based on less than liquid assets; It also adds significant complexity t

I agree with Paul here; A Wealth Tax adds a seemingly arbitrary additional rule that is based on less than liquid assets; It also adds significant complexity to the system. Versus, a progressive income tax is less arbitrary and less "complex" (though many people do not comprehend the concept.) To take the simplicity further; we should eliminate capital gains and qualified dividends special tax rates coordinated with the corporate tax rate to 0%; This structure already exists in the REIT tax code. In addition, while there is an argument that Social Security is tied to an individual, the base level and Medicare/Medicaid are not; so instead of being "flat taxes" should be moved to be paid for by the progressive income tax. (Similarly, if universal healthcare were to become policy, this is much better as a progressive tax)