Post #1904468

Wealth tax is kinda stupid because that just makes hiding all of your assets in a tax haven the default for rich people. Right now at least I believe most American billionaires are paying SOME tax in the US, because most nominally own some stuff in the US. Actually closing the loopholes one can use to skirt existing taxes is actually more beneficial. And using your stock holdings as collateral for a loan should trigger a tax event, consider it realized gains. Also start taxing stock options when they've vested, not when the stock is sold (which might be never). When sold, the increase in value is also realized gains and should still be taxed too.