Comment by throwitaway222

People with that much wealth should keep their money and use it where they see fit. A "wealth tax" forces some people to sell stock since not everyone has liquid assets. The CA "wealth" tax was written in a way that they could instantly turn $1B -> $1M or $100K overnight without a vote.

So many reasons why it's not a good idea to have a wealth tax. But the biggest reason is that nearly all our tax money is going to fraud. This is why our economy would BOOM if we got rid of a lot of taxes and reduced our fed/state governments a LOT. I just want roads, military and police. There is no reason why we should allow our government to be weaponized or turned into a nanny state when SO much of they money they collect is wasted.

Corporations that provide money for causes is often looked at because it's an investment. The world can learn a lot of free market capitalism, but it keeps pretending that half the people won't just DIE in communism.