Hi Lawrence, thanks for the comment. It’s a good point that there would be some unintended consequences for this type of proposal.

I still think it is a better proposal than some of the other proposals for wealth tax that have been floated recently.

I think the very best part of the tax (from the perspective of the US tax payer) would be that some of the tax would be paid by foreign investors.

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

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