Thus, for the largest segment of people subject to the wealth tax, it means taxing the accumulated savings and houses of those on the verge of retiring.
en.wikipedia.org As a consequence of basic deduction in combination with gentle assessment rules, especially of housing, the wealth tax is of little importance to most tax-paying households.
en.wikipedia.org As it is a form of direct asset collection, as well as double-taxation, some consider the wealth tax to be antithetical to personal freedom and individual liberty.
en.wikipedia.org Increased government revenue from a wealth tax could be used to promote public investment in services like education, basic science research, and transportation infrastructure, which in turn improve economic efficiency.
en.wikipedia.org Thus, a wealth tax can be viewed as a tax on potential income from capital.
en.wikipedia.org