He needs some sharks with frickin' laser beams attached to their heads!

I once heard a theory we should not tax incoming money but outgoing money. So with income tax it is not that you pay over what you receive but your employer pays tax before you get it (like you pay vat when you buy something). I am no expert but it sounded like it would really work on big corps and rich people because the bank would have to pay taxes when they pay you interest, the broker would pay tax when they pay your profits on shares. Can't imagine it be easy to overhaul the whole system, but it would take away the 'responsibility' of paying taxes from the person who owns the money and puts this responsibility on the person who's parting from the money.

Believing in a fairytale don't make it real either. We know since decades that ultrarich people are a nonsense, but we're still not remotely close of a universal wealth tax, so it's unlikely it will happens someday, especially in the current political context.

I'm not contradicting you, just writing down some further notes:

• There's 3 important types of taxes: wealth tax, income tax, product tax. Wealth tax is paid annually as a share of total net worth, while income tax is paid as a share of profit/revenue/wages. Product tax is a tax on consumable products such as food or luxury items.

I think the best thing would be to increase wealth tax, and decrease income and product tax.

The reason for this is: Wealth tax taxes wealth-hoarding, i.e. wealth that is stalling and not contributing to economic flow, i.e. production or re-distribution. Income and product tax inhibit the economy and slow it down, but don't actually prevent wealth hoarding: Even if a billionaire is faced with 50% income tax, it'd simply take them twice as long to accumulate the insane amount of wealth. Wealth tax counteracts that, by reducing the size of the pile of gold these billionaires sit on effectively.

That being said, there's 3 main types of wealth:

• real estate (land, agricultural fields, houses, ...)
• infrastructure & business (streets, vehicles, factories, shops)
• abstract values, such as money, expensive paintings, gold, which have no direct inherent value and only possess value because of our communal perception of things.

Some of these things can be moved easily, such as money, while other things can basically not be moved at all, such as real estate & infrastructure. It makes sense to tax the things most that are hardest to move, i guess.

While I despise the current Spanish government for being interested only in being in power (progressive here. They just lack a moral compass), if this comes to fruition it will be hard for conservatives to roll back. It would expose how tight a leash the oligarchs have on them.

Every major political event in history was once an unrealistic proposal. Whether it can happen next week or not has absolutely no bearing on the fact that it must be done.

Reach out to your local political rep and tell them you support a wealth tax. Reach out to your local boomer FB page and tell them you support a wealth tax. Make the case. If public opinion and political opinion isn't there then there is work to do. Put away minor nit picks and technical problems, they absolutely do not matter in the grand scheme of things. Build the momentum, tax the damn rich.