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by csomar 1831 days ago
> However, I have seen too many cases when the introduction of taxes on wealth was justified as "tax for the rich", but in the actual law the taxation thresholds were so low that the taxes affected mostly the lower end of the middle class, not the really rich.

Don't be deluded. These taxes are targeting the middle-class and the upper-middle-class (which is considered the "rich").

The "very rich" like Bezos have most of their wealth in stocks. These stocks will considerably go down if you had a wealth tax, and as a result bring little tax income.