WealthTax.now

The case for taxing wealth, argument by argument.

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Against a wealth tax practical

Costly to administer

Assessing, auditing and enforcing an annual wealth tax demands specialist expertise and data, creating high costs for authorities and taxpayers.

The counters

Valuation is a solved problem Tax systems already value estates, capital gains and property; banding, self-assessment with audit, and de-minimis thresholds handle the hard cases. Repeals were about bad design The taxes that were repealed had low thresholds, leaky exemptions and poor enforcement — the failures were of design, not of the underlying idea. Raises real revenue A tax on the largest fortunes can fund public services without raising taxes on low- and middle-income households. Broadens the tax base Adding a wealth tax diversifies revenue beyond income and consumption, making the fiscal system less reliant on volatile sources.
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Reddit / long form

You're making the "Costly to administer" argument against a wealth tax. But tax authorities already value estates, capital gains and property every year — banding, audited self-assessment and de-minimis thresholds handle the hard cases, so valuation is a solved problem, not a brand-new one. Where past wealth taxes ran into trouble it was bad design — low thresholds and leaky exemptions — not the cost of admin. And a well-designed tax on the very largest fortunes raises far more than it costs to collect, funding public services without touching low- and middle-income households.

Learn more: https://wealthtax.now/arguments/admin-complexity/

X / Bluesky / short form

You're making the "Costly to administer" argument against a wealth tax. Tax authorities already value estates, gains and property every year — admin is a solved problem, and a tax on the largest fortunes raises far more than it costs to collect. https://wealthtax.now/arguments/admin-complexity/

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