The simple problem with taxing wealth is that it's an easy tax to avoid. Then you're back to square one: people at the same levels will pay different rates. Today it's on income; tomorrow it would be on wealth.
So I'm not saying your idea is bad so much as I'm saying that my idea is superior.
> The thing that puzzles me is that I never hear any discussion
> of a flat tax on wealth. It seems to make sense.
I just explained that the French system is anything but "flat" ... did you miss it?
It makes so much sense that absolutely no one does it.
/jordan