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JakobVirgil · 4167 days ago · link · · parent · post: In 1999, Trump proposed a one-time tax on the net worth of the rich as a solution to the country's national debt.
I don't think it would work do most rich folks have 15% of their wealth in cash? If they don't then they will have to sell Stock, Property etc to make the bill. The sell off could depress the market. Perhaps they could pay in stock? making it a huge nationalization scheme.