That's the point though: large amounts of cash should not be sitting there, they should be circulating through investment. It's not a tax as much as an incentiv

That's the point though: large amounts of cash should not be sitting there, they should be circulating through investment. It's not a tax as much as an incentive. Inflation functions the same way by making holding on to cash a losing proposition. There is just SO MUCH cash right now in the hands of the wealthy classes and it's just sitting there in bank accounts not being circulated.