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The "Taxes were repealed in Europe so case closed" message that wealth is all too happy to push is a deflection from a thorough examination of the policy.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.