People who propose "wealth taxes" have likely not spent much time with the actual balance sheets of wealthy people.
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@JamesGreiff@Noahpinion@BV Could we start by advocating a more efficient use of tax $ then see if we need more revenue ?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@jim_again What does that mean, that they own debt too? Didn't read article but exempting those <$10 Mil would be my start. -
Most wealth in +$25mm net worth not in liquid assets w market value, but in entities that are difficult to value.
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