#Witch #Parent #Trans
Wealth Realization Tax: Impose a 1–3% annual tax on net worth above $100M, closing the “buy, borrow, die” loophole. Loans against assets don’t reduce taxable wealth. Estimated revenue: ~$2–3T over 10 years.
Wealth Realization Tax: Impose a 1–3% annual tax on net worth above $100M, closing the “buy, borrow, die” loophole. Loans against assets don’t reduce taxable wealth. Estimated revenue: ~$2–3T over 10 years.