Do you think it's perhaps worth looking at places that have tried wealth taxes? I think it possible that there might be some lessons to be learned from the well-intentioned and sincerely tried efforts of others. Perhaps our basic assumption that what works for real property will surely work for everything might not be trivially true, for example.
Yeah sure, but we should also be aware that the wealthy do not want these taxes, and will use every means to ensure they are not enacted. This includes spreading FUD about their implementation and results.
I, personally, hesitate to characterize the lived experiences with policy choices of other polities as FUD. I understand that this is a deeply personal choice, and as such some might differ.
I'm speaking mostly to the media (owned by whom?), politicians and the surrogates of wealth that appear as a talking head to speak about the wealth tax.
The "Taxes were repealed in Europe so case closed" message that wealth is all too happy to push is a deflection from a thorough examination of the policy. Why were these policies "failures" in Europe? Some of the flaws of the European taxes have been already directly addressed by more recent Bernie and Warren proposals. For another example the issue some European countries had of their wealthy fleeing the country to avoid the tax isn't even possible US's tax system which will tax you regardless of where you live.
