Billionaires park wealth in assets that dodge income tax entirely while public services crumble. A modest annual wealth tax captures that hidden growth and forces the ultra-rich to actually contribute.
Yes. Billionaires benefit most from public systems, and a modest annual wealth tax makes them help fund the society that made their fortunes possible.
People are sharply divided on this issue. Advocates argue a wealth tax fixes extreme inequality, but critics insist it unfairly punishes success and hurts the economy.
Wealth taxes punish success and spark capital flight, as France learned when its rich fled en masse. Tax what people earn and spend, not what they've already built.
