Sheriff Bart
Footballguy
There are a lot of reasons why this is a dumb idea. Like Cooperman said, just raise the effective tax rate and capital gains tax on the ultra wealthy.One issue with the wealth tax is that many of the Uber rich may not have the quick liquidity to pay the new tax debt. As a result, they will have to relatively quickly sell off some assets. We don’t know what unintended consequences we may unleash (good or bad) from these moves.