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If someone is wealthy, their wealth grows annually at a rate of around 7%-11%. That means any wealth tax under that doesn't reduce the wealth of the rich. It simply slows the rate of growth of their wealth. Wealth inequality is absolutely out of hand. We need to tax it. Let's start at 1%-3% annually

Everyone below a certain threshold should have access to 7-11% gains though. The argument needs to be what the wealth threshold is...or maybe whether to make the taxation progressive after the threshold.

From my article: "Add a wealth tax of 1% above $50 million, 2% above $1 billion, and 3% above $10 billion." Stock dilution would be a universal 1.5% and LVT would be state by state and start with 1%.

Hard no to universal stock dilution...because you'd be diluting my gains too when I need them the most. But if you want to slap a $50M net worth threshold on it, that's okay, because I am nowhere near ambitious (or grifty) enough to make $50M in this life.