How do you calculate “wealth”? It’s obviously not impossible, but it’s easier for billionaires to game their wealth then it is capital gains.

Tax capital gains much more than labor and tax loans on capital and a wealth tax will eventually be redundant. I do think either way we will need a one time wealth tax to redistribute capital.

We do not need the rich, the point is to get rid of them. Rent seekers and money changers aren’t a necessary part of the economy and there is no legitimate reason to keep them.

If you are American capital is taxed less than labor.