> If you have a bucket of money that isn't doing anything, then what value does it actually bring to the economy? Penalizing static value seems almost reasonable.
We already do that via inflation. Leave your money uninvested and we tax it 2% or more per year, every year.
One big difference here is that inflation affects everyone equally (not exactly right, but let's ignore that for now). A wealth tax would act as an extra tax on ultra wealthy individuals.
We already do that via inflation. Leave your money uninvested and we tax it 2% or more per year, every year.