[reese_john]

With CRS and FATCA, no one is hiding their wealth just by having offshore assets.

Owning offshore assets also doesn’t automatically exempt you from paying taxes, since your tax liability is mostly determined by your tax residency.

  Just a fraction of that money could end extreme hunger and provide clean water to everyone on Earth.

Clickbait article

[Arnt]

I'm one of that 0.1%, since my yearly salary is more than about USD90k. And my attached wealth is the most typical kind, too: my wife and I bought a place to live, which we haven't sold in the 20+ years since moving in. It probably could be sold for a fair bit more than we paid: untaxed wealth.

I suspect that we won't pay 100% tax on whatever we earn when we sell, if we sell, but if we were taxed 100% I'm sure something nice could be done with that money.

I'm quite impressed by the rhetorical skill here. It's easy to overlook that what they're saying is "by taxing something/someone 100%, it would be possible to...", ie. "If pigs would fly, it would be possible to..." and making it easy to overlook that takes real skill.