They like to frame it that we have to tax revenue from WORK, not wealth, and we've accepted that framing. There is no reason that we have to keep following that framing. We can heavily tax their capital gains every year. They are using that as actual wealth to get loans and credit, so they are getting benefit as if that wealth actually exists, so they should have to pay taxes on it, or not use it to determine their net worth for credit.

Tax Wealth, Not Work