TLDR - Implement a wealth tax and use it to pay a UBI. Fine, but he should address why he thinks a wealth tax will work this time when it didn't work when it w

TLDR - Implement a wealth tax and use it to pay a UBI. Fine, but he should address why he thinks a wealth tax will work this time when it didn't work when it was tried in Europe (due to international competitiveness reasons). Moreover, what's the rationale for excluding small business ownership from the tax? Why should a middle-class pensioner invested in public equities with $500k have to sacrifice 2.5 percent of their wealth each year, but a rich person that owns a small business worth $50m has no such burden?