How to tax the rich:
This is one of those ideas that attracts a lot of discussion, but never really happens, I thought I'd add a few thoughts about why. Firstly there are a few ideas which are very attractive but have never worked and will never work, best get those out first.
1. Income taxes. Forget it, the rich don't make income. Bezos's 2019 salary was $82k. If you chose Income Tax, sorry you lose.
2. Wealth Tax. This "works", but only well enough to either:
A. Make all rich people leave the country (which is actually not a great thing, I'll get to this later) or
B. Force them to get political, which is possibly a real disaster.
> Make all rich people leave the country
Where? It doesn't work this way - rich Russians come to UK or US specifically because of the safety for their assets guaranteed by rule of law even if taxes are high. Nobody moves from UK to Russia because the former has high taxes.
