A wealth tax is not an obviously great idea. It’s worth having a better public debate on that topic.
I’ve heard about a borrowing tax as an alternative, because that’s when paper money becomes spending money
I would love to see that discussed
The only reasonable argument I can think of is that the fantastic wealth accumulated at the top was substantially driven by the $37 trillion of debt the USA finds itself in. And it needs to be clawed back somehow.
I feel like public discussion of this has been outgoing since around 12 years ago when Thomas Piketty's book came out.
I don't really see any other solution, can you explain it?
The ultra-rich are taking too great a share of every nations wealth. And they keep taking more.
Taxes are the only option to redistribute wealth.
Or are you talking about enabling strong unions and anti-monopoly laws with teeth to reverse the growth?
As I doubt Garry's in favour of that either.
I bet Garry Tan will find that going after him for the wealth tax won’t poll well so he will find a different angle. Thus it won’t be a debate about a wealth tax, it will just be the standard make your opponent look bad in order to unseat him.
For example: https://nypost.com/2026/02/01/us-news/stunning-number-of-cal...