[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.

[igorlev]

The government very clearly provides for support for the equities in many ways (which I’m sure you’re aware of) How do the following not count as benefits to the equities in your vault?:

1. Maintaining a navy that reduces piracy enough to have global JIT delivery networks that reduce costs for corps

2. Protects corp interests abroad allowing a larger market and higher profits

3. Enforces regulations that attract a larger than otherwise likely share of people to put their money in the stock market, increasing the value of your equities.

[PaulDavisThe1st]

4. Pumps millions/billions/trillions into failed financial corporations to prevent the financial system itself from collapsing.

[greenwich26]

US federal spending 2020: $7 trillion

The entire budget of #1 is about 3% of that, and #2 and #3 around 1%.

What a terrible deal.

[jessaustin]

The federal government has spent several trillion dollars fighting several disastrously stupid wars over the last several decades. Please don't try to pretend all that death and destruction wasn't good for the securities in your vault.

[simondotau]

Or if that’s too abstract for you, think about how the securities in your vault would fair in the absence of government maintaining basic law and order; honouring and enforcing otherwise fictional property such as copyright, trademarks and patents; some degree of redress in a court system; and some degree of stability of regulation of markets.

So much of the wealth on this planet relies on Governments for it to exist and to persist.