A wealth tax is nothing more than a desperate government trying to take control of every dollar so it can be wasted on stupid things like fake global warming, the Ukraine and the ME. The idiot fascists recognize that their dreams of control are going to cost a whole lot more than the wealth of the world can finance.
You said, “So, if your house appreciates and you still live in it, there would be a tax on the appreciated amount.” Isn’t that what current property taxes do? I understand those are assessed at the county level. How would this work at the federal level? Would they base a tax on market value? I see a nightmare.
You are correct. That's why all taxation is evil. All goods and services people want must be paid voluntarily, the foundation of a free society.
A wealth tax is nothing more than a desperate government trying to take control of every dollar so it can be wasted on stupid things like fake global warming, the Ukraine and the ME. The idiot fascists recognize that their dreams of control are going to cost a whole lot more than the wealth of the world can finance.
You said, “So, if your house appreciates and you still live in it, there would be a tax on the appreciated amount.” Isn’t that what current property taxes do? I understand those are assessed at the county level. How would this work at the federal level? Would they base a tax on market value? I see a nightmare.