In the USA, Estate Tax is synonymous with Wealth Tax, and it is the commonly-understood usage. That is simply not true. - Estate Taxes are about taxing the tr

In the USA, Estate Tax is synonymous with Wealth Tax, and it is the commonly-understood usage. That is simply not true. - Estate Taxes are about taxing the transfer of assets upon someone’s death. - Wealth taxes are about taxing the overall net wealth someone has at a given point in time. Gains have little to do with it; there could be ten billion dollars in cash under your mattress and you would still be subject to a hypothetical wealth tax. In case you are not convinced, here are an overwhelming number of links using this definition: https://en.m.wikipedia.org/wiki/Wealth_tax https://en.m.wikipedia.org/wiki/Wealth_tax https://www.investopedia.com/terms/w/wealth-tax.asp https://www.investopedia.com/terms/w/wealth-tax.asp https://www.pgpf.org/blog/2021/03/what-is-a-wealth-tax-and-should-the-united-states-have-one https://www.pgpf.org/blog/2021/03/what-is-a-wealth-tax-and-s... https://taxfoundation.org/wealth-tax/ https://taxfoundation.org/wealth-tax/ https://berniesanders.com/issues/tax-extreme-wealth/ https://berniesanders.com/issues/tax-extreme-wealth/