[lotsofpulp]

My issue is claiming the problem is wealth, and then wanting to tax income, which is not wealth. That is how rich people keep wealth taxes low (e.g. land value tax rates).

All wealth sits on land, and all land is already constantly appraised and subject to land value tax. It would be a trivial change to collect marginal land value tax rates using beneficial ownership.

As an additional benefit, the income tax return, which enables a ton of corruption at worst, and time waste at best, is gotten rid of.