Wealth taxes are insane. It is very easy for wealthy to change their tax residence as most of them travel a ton anyways. Then the wealth tax has to move to lowe

Wealth taxes are insane. It is very easy for wealthy to change their tax residence as most of them travel a ton anyways. Then the wealth tax has to move to lower and lower brackets, just like the income tax once did. Remember - the income tax was once only for the crazy wealthy. Now we all pay it.