[Buckeye McFrog]

Any wealth tax that starts out at 1% or 2% would quickly escalate to 50%+ once Democrats got addicted to spending the money.

[Olog-hai]

When were they not addicted to spending the money?

[Brian Griffin]

“Any wealth tax that starts out at 1% or 2% would quickly escalate to 50%+ once Democrats got addicted to spending the money.”

There is already a wealth tax in Democratic and Republican areas called property tax. The modern rates tends to fall between 1% to 2%.

[Ingtar]

It could go to 100% of the wealthy and still not put a dent in the debt.