A wealth tax doesn't need to be perfect to be better than not having one. The wealthy will always have access to the best lawyers and accountants who can find w

A wealth tax doesn't need to be perfect to be better than not having one. The wealthy will always have access to the best lawyers and accountants who can find ways to gain an edge here and there. That's o; or at least it doesn't invalidate the approach. Property tax is a fine example: sometimes properties aren't assessed in an ideal way (and to be fair some states also have very convoluted property tax schemes and credits) but overwhelmingly if you have very valuable property you pay more than someone with less valuable property.