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[–]Maniak🥃😾 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

Now to spread this to every state, then make that 4 closer to 100.

[–]ageingrockstar 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Wealth taxes are a dumb, infeasible idea. The truly rich, e.g. your example of people with > 100 million, will be able to hide their money or get loopholes passed that protect their wealth. There is no way they will allow their wealth to be taken away short of an actual revolution on the scale of the French or Russian revolutions. You have to undermine the ways that they create ill-gotten wealth, not hope to tax it away from them. Prevent the crime rather than tax proceeds of crime ('crime' here meaning money dishonestly generated through rent-seeking, crony capitalism, etc).

[–]Maniak🥃😾 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Better yet: do both.

Tax laws to push them into their hiding holes, then go after the holes.