That is a valid concern which I acknowledged in my comment. It would probably result in investors seeking investments with an expected return that offsets the w

That is a valid concern which I acknowledged in my comment. It would probably result in investors seeking investments with an expected return that offsets the wealth tax by a decent margin, while also paying dividends. I am by no means an investment expert, but maybe those are the kinds of investments we should be encouraging people to invest in anyway? Hyper-growth, overvalued companies are often great investments, until they’re not. Edit: if we don’t want the government picking winners and losers, another option could be deferred taxation; when you sell, you pay taxes for however many years you held the stock.