NOTICE! This is not a tax on income! It’s a tax on accumulated money. This is important.
Europe has this. They take a percentage of what you have in the bank. The average joe idiot is going to think it’s just a high tax rate. No. It’s confiscation of money in the bank.
More than what you have in the bank...She was talking about the value of your house and all other assets. You could conceivably have a house at 50 million in value and nothing in the bank and still have to pay 2% of the 50 million value of your assets...where do you get the money from you ask? This is beyond wrong