But taxing existing wealth of billionaires is an argument for billionaires to move to another country. Taxing on exchange would disproportionately affect the w

But taxing existing wealth of billionaires is an argument for billionaires to move to another country. Taxing on exchange would disproportionately affect the wealthy but still be fair. Not just income but money exchange. Then when $B buys, sells, shorts stock it's accounted for. When goods and materials are bought or sold, it's taxes. The wealthy buy, sell, trade and rent more than poor. They'd pay more there. I find taxes on existing property just ethically and morally wrong. I don't care if it's a poor guy's bicycle or a billionaire yacht.