Sorry I mean “tell” as in make a freely entered into contract It’s next to impossible to gauge a person wealth at any point in time so any generic “wealth tax”

Sorry I mean “tell” as in make a freely entered into contract It’s next to impossible to gauge a person wealth at any point in time so any generic “wealth tax” is a non starter, but that does not mean we should not make efforts to ensure that wealth is taxed at equal amounts as income. I find it hard to see why Warren Buffet should pay 10% on his increase in wealth for one year while his maid pays 40% If Jeff Bezos borrows 500 million against some shares he is saying that the shares are worth 500m and that he has now realised some of the gains from those shares. It’s pretty easy to avoid complicating the mortgage market by putting a floor on the amount governments will tax (ie borrow 5 million or less in a fiscal year we don’t care)