[marcosdumay]

In Brazil the government just inflates the values away, and keeps the levels the same :)

Anyway, I am very friendly to the idea of a wealth tax. At a minimum it's more progressive than an income one.

What I don't like is all the attrition that comes from the government having to put price on things, and mandating liquidity. I also dislike government initiatives that increase the fragility of a society.

So, if one gets a proposal that doesn't suffer from those problems, I'm all for it. Until there I do think it's a great academic subject, but not viable on practice.