Progressive Politics

5% tax sounds nice (imo, its no where near nice enough lol) but what are we taxing here exactly? Billionaires don't actually have any money. There's a systematic problem to solve right there.. how can people be filthy rich, yet have no actual money to tax?

I believe most of billionaire's wealth are in intangible assets like stocks. Then I hear billionaires and their bootlickers defend themselves, by reasoning that the government can't tax those intangibles unless the investors sell the shares and cash in on the gains. However, Ireland already tax those with unrealised gains from investment funds every eight years. There is no reason for other countries not to follow suit.