A 10% wealth tax is quite a lot but otherwise I agree hat we absolutely need to move from income to wealth tax. I’d support a progressive tax, something like 0

A 10% wealth tax is quite a lot but otherwise I agree hat we absolutely need to move from income to wealth tax. I’d support a progressive tax, something like 0 for the first 200,000 or something, then slowly rising to a few percent. The really tricky thing though is that some assets generate income but others don’t, and we probably don’t want to put even more pressure on people to make rent on their assets than they already have. So it’s a really hard problem but worth thinking about because taxing capital is really the only way to have a fair tax system in a capitalist society.