[greenwich26]

Sounds pretty authoritarian.

> Except the uber wealthy who can afford to lose money to pay taxes for the infrastructure that has enabled their explosive asset growth.

Federal income tax almost never gets used for infrastructure. Infrastructure is mostly built by state and local governments, which receive most of their income from sales tax and property tax, and other taxes, which are already almost entirely paid by businesses. So, they are already paying for the infrastructure that enabled their growth.

[sokoloff]

A great many state projects are 50-90% funded by federal grants. Interstate highway projects and airport projects in particular are often 90% federal (and are self-evidently infrastructure).

[jessaustin]

So you're not opposed to property tax? That's just what we're considering here, for securities rather than real property.

[greenwich26]

Various levels of local governments provide many services and benefits for my physical property located in their jurisdictions, so I do not oppose a reasonable property tax. But the federal government provides no services or benefits to the securities in my vault, so a general federal wealth tax on them is altogether different, and I oppose it.