Comment by jrs95
9 years ago
I'd be fine with a wealth tax on a national level with restrictions on offshoring cash, but I don't want to steal wealth from everyone in the west to distribute it globally. You'd also have a very difficult time getting nations like China to agree to something like this.
Edit: sorry, wasn't aware of the exact definition of this. Having everyone pass this sort of thing is a great idea imo.
A global wealth tax does not distribute the tax globally. It just means that every nation collects a wealth tax. This is to prevent a race to the bottom which would penalize the first countries that enacted a wealth tax.