There are a lot of different ways to make it harder to shelter or shield money with things like mark to market that have been talked about not to get too wonky. And look, A wealth tax is like a property tax. It is not to me nothing wrong in kind with the idea of a property tax or a tax on wealth. But it needs to be well calibrated, it needs to be fair, it needs to be smart. (23:02–23:04)
CLAIM
Asserts that a wealth tax is conceptually similar to a property tax.
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