Exactly. Capital gains tax is equivalent to a wealth tax on appreciating assets only, which is the only kind of assets you should be targeting with a wealth tax. So just implement a sensible capital gains tax, and you're done.
Considering it's the ones who hold the largest pools of assets affected who can buy the changes to the tax code to build loopholes to get themselves exempted, that seems about impossible.
zentiggr|5 years ago