I'd implement a land value tax, tax capital gains as income, or higher, and implement a wealth tax.

Wouldn't a land value tax hit the older poorer seniors the hardest? Those without an income and by not fault of their own they are forced to sell because the value of their house raised?

Taxing capital gains on principle residences means people are less likely to move up to a better home which creates a problem for first time home owners trying to enter the market as no supply exists.

Wealth tax requires you to know everyone's wealth. How are you going to get that information / verify on a yearly basis.

Treat loans using securities as collateral as a capital gain or income, and tax it as such.

wealth tax, it’s literally in the name… maybe they should call it “absurdly rich person tax”… are you absurdly rich? if you aren’t… don’t worry about it, and if you are… pay more taxes and continue being richer than 99.9% of the planet

Serious question, would that be realized wealth or on paper wealth? If some startup founders equity is worth a billion but isn’t liquid, do we tax that too?

needs to be both to avoid the hoarding issues we have today, x% of assets should be liquidated for tax annually (assuming its value is over some high threshold)

obviously this would be difficult and would require new rules, but it doesn’t seem at all impossible

What would be the wealth level you would start taxing at. How would you go about determining everyone's wealth?

same way people determine their own wealth, it doesn’t seem too outrageously complex

you could start high (say 1000x the federal poverty line) and work backwards

there are already a number of proposals from lawmakers that cover the details better than some rando on the internet