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So, it’s no skin off my back if such a bill ever passes.

But a friend of mine in Dallas would be affected. Or, at least he would have been until he donated $20 million to build a public park in a depressed part of Dallas. After that, I don’t know if he is still worth that much. But he has always paid his 39.6% or whatever it is the top tax rate is. He is just really smart as an investor. I just don’t see a bunch of bureaucrats coming to tell him, « we didn’t get you enough the first time, so we’re back for more until we say we are cool with what you have left. » As if bureaucrats have EVER spent wisely when given control of more money than they know what to do with (Kash Patel, Nicolae Ceausescu, it’s the same anywhere).

A post-war German politician called a tax like this « Neidsteuer, » or jealousy tax, when one was proposed here. The German Supreme Court struck it down immediately anyway. The post-war German constitution expressly forbids a double taxation, since the previous (1933-1945) regime used it on a group they declared to be evil and greedy, and justified their (i.e. Third Reich) wealth tax by saying it was directed at « bad » people. Jews then, « the rich » now. There must be a better way to approach this issue, since I fear the end result will ultimately turn out to be similar if left with the current rhetoric. Unless there is a clear specific ironclad plan in place before The Great Enteignung happens, I see only a repeat of the past. The former « the rich » become the new poor, and the lowly bureaucrats are suddenly the ones controlling the wealth, and, as has ALWAYS happened in the past, they then spend it on themselves.