The main way taxes are avoided is by a lot of their wealth being paper wealth. For Bezos that's Amazon stock, for Musk it's Tesla. So when the stock doubles in price, so does (nearly) their net worth. But they're not taxed on this until they convert it to cash. So they can see their wealth double or triple with 0 increase in paid taxes, unless they try to access that money.

Taxing unrealized capital gains is possible, but it's not clear how you'd do this without destroying the entire financial (as opposed to goods/services) economy, since taxing 'wins' without crediting 'losses' makes any margins-game like investing impossible, but billionaires receiving billions of dollars in refunds when the market crashes is probably not visually great. It also seems fairly certain you'd introduce investment hedge possibilities with this, which is also probably undesirable. Not an easy problem.

And of course on top of all of this there's the Norway Problem. [1] Norway decided to introduce a hugely unpopular increase to their wealth tax system. It was expected to increase government revenue by about $146 million per year. Instead it resulted in a loss of about $448 million per year. Make taxation sufficiently onerous and people will simply leave your country. We're not talking about a captive audience, especially in modern times.

[1] - https://www.brusselsreport.eu/2024/09/11/the-failure-of-norw...

Certainly I do. I'd like the United States to change to a simpler and more regressive tax policy so that everyone has skin in the game. For example, eliminating all taxes in favor of a VAT or the like.

You live in a fantasy world. If thats what you think is the core problem right now in America or what needs to be focused on, good luck buddy!