Geez, the article reads like an amazing success story for wealth taxes. Each year only an insignificant portion of your wealth is taken, but over the course of

Geez, the article reads like an amazing success story for wealth taxes. Each year only an insignificant portion of your wealth is taken, but over the course of your career a substantial portion of your acquired wealth goes back to the community that helped make you wealthy. And then in the last paragraph he dismisses the idea with a lazy argument that the profit motive is singularly important to the economy. I know capitalism is pretty universal, but it has cult-like properties sometimes.