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Property/land taxes are the best form of wealth tax, as its difficult to shift your land to another jurisdiction.

• tastyfreeze 4y ago
  And those already exist. Which is why wealth tax proposals don't include property taxes.
  • disgruntledphd2 4y ago
    In some places, yes. In other places they don't (or are incredibly small). More generally, if you're going to tax wealth property is the place to start.
    • tastyfreeze 4y ago
      Like I said, that isn't what is bandied about as a wealth tax. Elizabeth Warren proposes a 2% annual tax for net worth over $50 million and 6% for over $1 billion. It is literally taking a percentage of what they own every year. Don't forget, they would still pay taxes when selling assets. https://elizabethwarren.com/plans/ultra-millionaire-tax https://elizabethwarren.com/plans/ultra-millionaire-tax