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erronis

(24,404 posts)

7. I don't understand how you can reasonably implement a wealth tax.

Reply to Moostache (Reply #4)

Wed Apr 29, 2026, 01:56 PM

Apr 29

First, wealth is extremely hard to measure. It can be in rare old books/art, jewelry that doesn't see the light of day, overseas, etc.

Secondly, "implement an immediate estate tax of 75% above $100M in TOTAL asset estate value".
So, every year at tax time, 75% of the wealth of an individual will be removed until the total assets decline below $100M? Would only take a few years to whittle those poor billionaires down to mere millionaires.

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They don't care because they live in consequence free times... Moostache Apr 29 #4

I don't understand how you can reasonably implement a wealth tax. erronis Apr 29 #7

I am putting out a concept, not a law... Moostache Apr 29 #8

I think I follow, and I appreciate your viewpoints. erronis Apr 29 #9

I agree at a fundamental level - we need change. Moostache Apr 29 #11

Id like to add an addendum to step 1: Volaris Apr 29 #5

I really like this concept - thank you! Moostache Apr 29 #12

I find it irritating, yet typical, whenever a reporter asks them a "difficult" question... Squaredeal Apr 29 #13

Those questions are only, and always, difficult if youre being a political hack. Volaris Apr 29 #15