Comment by rdtsc

> Or go a step further do what nobody has the balls to do: tax wealth

Heard of this before. Have there been any attempts of that before and how did it fare?

It would seem to be as soon as wealth is taxed, wealth will morph or change shape to avoid being taxed. We'd end up with some new arcane tax scheme where wealth is held in a tropical island nation and the owner of the wealth gets a stipend or I don't know, rents all their possessions from that entity.