Almost all income is taxed in one way or another. For the capital to occur it must be taxed at least one. Capital gains taxes for financial instruments, dividen

Almost all income is taxed in one way or another. For the capital to occur it must be taxed at least one. Capital gains taxes for financial instruments, dividend taxes for dividends. Inheritance taxes are also high. There are also consumption taxes when "the rich" buy land for the "mansion" or their yacht. So every dollar in that capital has been taxed in some way. Taxing this again would be a double taxation and it's not fair to tax the same dollar twice. (even if the person can afford it) And it wouldn't work properly because for the really wealthy it'll be cheaper to optimize than to pay. The AML laws are more "anti-tax evasion" laws. If you try to move money or open a bank account with more than 50K the amount of information you need to provide is mind boggling. And the rules are arbitrary... I don't want to think what'll happen when they offload this cost to an AI model.