[michpoch]

> I am very keen for levels of taxation (and the closing of all the loopholes) that would force billionaires to liquidate significant percentages of their assets to pay taxes as I think it will encourage them to work a bit harder. After all if they managed to become a billionaire once they must be very clever, right?

Even almost all their "assets" are stocks in the companies they created? Would the idea be that the founders of these companies should lose control over them?

[badcppdev]

They would only lose control if they were incompetent and it was just luck that put them in control in the first place.

The suggested wealth tax is 2%. I have no concerns that a billionaire capable of creating a multi billion dollar business would have any issues raising $20 million per year to sort out their tax bill.

Are there any billionaires you're worried about in particular?