Wealth taxes are an administrative nightmare. It’s very difficult to reasonably price private assets in an illiquid market. Figuring out how much to charge an

Wealth taxes are an administrative nightmare. It’s very difficult to reasonably price private assets in an illiquid market. Figuring out how much to charge and collecting it can cost more than you bring in. Patrick Boyle touches on this in… “Tax The Rich?” — https://youtu.be/pgW4LWeUyVY https://youtu.be/pgW4LWeUyVY My personal opinion is taxing the rich is good. Wealth tax specifically is problematic.