I’m not really in favor of a wealth tax. Maybe, if we really need to claw back our mistakes, but I think there are better approaches.
A tax on loans based on wealth seems great though. If you have the wealth, why are you borrowing? What are the legitimate uses of secured loans?
Capital gains taxes should be higher than payroll taxes. Always and forever.
Marginal tax rates exist for a reason, and it’s absurd that we stop progressive taxation after $700k. The difference between making $800k/year and making $15m/year is ridiculous. At $800k/year you at least want to make the business last for a decade. After you cash out for $15m in a year, are you really accountable to anyone?