Quote:
Originally Posted by spence
Never been tried? Most countries in Europe have had a wealth tax at one point in time and some still do. Pros and cons, seems like they are very expansive to manage.
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Explain to me how youd begin to do it in a country of 330 million, when some people have their wealth in jewelry, baseball cards, rare coins, expensive wine, fine art, gold bars, etc. You'd send different kinds of appraisers to everyone's house, every single year? How would you know who sold what or who bought what?