A tax on wealth is heinous, and in the long run won't work. First of all, how do you define wealth? An average over the year, end of year, middle of year? Who d

A tax on wealth is heinous, and in the long run won't work. First of all, how do you define wealth? An average over the year, end of year, middle of year? Who defines it? Part of the problem is wealth doesn't really mean anything. You can claim something is with X but until you actually sell it, it really isn't worth anything. The other issue is, I could work hard, build a company up, make the same income as the previous year, but now my wealth had increased because my company increased. So I gave to pay more taxes? Or I own some collectible that goes up in value, and I have to pay more taxes just because someone out there wants what I have? No, a wealth tax is criminal.