Look, I get the frustration - wealth inequality is real and it stinks. But a wealth tax isn't the simple fix people think it is. It's been tried in several European countries and most of them abandoned it because it just didn't work. The problem is that wealthy people don't just sit there with cash in a vault - their wealth is tied up in businesses, stocks, and property. Taxing those assets forces them to sell or borrow, which hurts the companies they own and the people who work there. Plus, the super-rich just move their money or their residency. You end up with less investment, fewer jobs, and the people you're trying to tax just leave. There are better ways to address inequality - like closing loopholes in the income tax system or taxing capital gains the same as regular income. A wealth tax sounds good on paper but falls apart in practice.
05:40 AM