Many countries have figured out a wealth tax, so this isn't an impossible problem.
France had it for a very long time, it was very costly to recover, incentivized a lot of tax-evading behaviors, and mainly benefited tax specialists. Overall it was another useless, populist measure that did more harm than good.
alt Hacker News
France had it for a very long time, it was very costly to recover, incentivized a lot of tax-evading behaviors, and mainly benefited tax specialists. Overall it was another useless, populist measure that did more harm than good.