And it's exacerbating those problems by driving out its taxable rich people (who both in the US and in France pay the vast majority of taxes already) while not

And it's exacerbating those problems by driving out its taxable rich people (who both in the US and in France pay the vast majority of taxes already) while not actually collecting all that much money. I'm not ultra rich, but you can't imagine how quickly I'll leave the state I live in if it imposes a wealth tax of any kind. And I spend quite a bit of money here, all of which is already taxed _at least_ three times: business taxes, personal income / social security taxes (of which I pay not half, but the entire amount), and sales taxes. Taxing me 4th time? They can fuck right off with that shit.