You simply don’t understand. All income flows into wealth. All wealth is eventually becomes, one way or another, taxable income. You can defer it for a while but it’s literally all the same thing.

You’re talking about legislating a massive clusterfuck, like you can’t even imagine how messy it would be, that pretty much nobody would comply with free of errors and omissions, all over a timing difference.

Just please, I’m fucking begging you, stop talking about a wealth tax, especially when you don’t understand how tax works to begin with.

So crank it up to 60, 70, or 99%! You don’t need a wealth tax to do that.

That’s literally exactly what I’m advocating for word for word. Wealth tax bad, income tax good. Income tax rate too low? Crank it up to your hearts content. Glad we agree.

So then add more percentage points. You don’t need a wealth tax to do that. Income tax is fine.