This kind of naive wealth tax has all kinds of unwanted sideffects and bureaucracy monsters that come with it. Especially if you imagine holding non public stoc

This kind of naive wealth tax has all kinds of unwanted sideffects and bureaucracy monsters that come with it. Especially if you imagine holding non public stock and estate, this quickly becomes absurd. To reach the original goals of a wealth tax it makes much more sense to: - Prevent inheritance to an agreed maximum (the dead does not care and the children basically should not complain to get a capped inheritance. 1 million or 10 or whatever society agrees to be max is still not equal opportunity but closer, family owned paintings and jewlery etc. Can be lended and bought back from the state - tax luxury purchases by 50% to 100%, this is really what we want: a buddhist billionaire who spends nothing is not bothered by the tax office until after death and an asshole who buys a yacht, gulfstream and rolex is forced to give back to society in significant amounts - make luxury tax apply for moving whealth outside of the country imediately