You don't want to tax wealth. Most billionaires wealth is tied into equity, and forcing someone to sell a share of the company to pay tax isn't something that s

You don't want to tax wealth. Most billionaires wealth is tied into equity, and forcing someone to sell a share of the company to pay tax isn't something that seems right. Its easy to justify this now where companies do things you don't like, and taxes seem good like this because it feels like punishment, but it could also be that someone owns a company that actually does good things, and paying taxes could mean that he/she over time looses the controlling interest. The thing that I would tax is ability to take out loans against assets - meaning that you have to pay equivalent capital gains tax if you use equity as collateral for a loan. There would be some exceptions if that loan goes into things like business expansion that directly leads to creating jobs. I would also tax inheritance transfer even in equity form.