I think a two percent wealth tax is feasible to avoid evasion

The wealthy evade taxes by keeping their income very low and keeping money and source of revenue in wealth that isnt taxed.

Well, some of that is intentional to incentivize investment, for example. If the government tries to incentivize/subsidize something, then rich people will take advantage of it, but people responding to incentives is kind of the whole point of them, right? It doesn't seem too different from the government hiring people to do things, or banks offering interest to people.

Other issue is that you'd be forcing stock sales to pay the tax, which could have some pretty detrimental effects on the market.

I think the better solution is figure out if there are tax loopholes that shouldn't be there, and then remove those specific loopholes while keeping the right incentives. Disincentivizing investment comes with a whole lot of baggage I'd want to avoid.

tax system as a whole is corrupt and flawed, and there is no way of fixing it.

Because you are starting from a wrong premise, apparently assumption that "if we just make correct change to tax system, it will work great".

Sadly, tax by its nature is deduction. there is no way for anyone to tax anyone without harming anyone in material sense.

And in economy which is interconnected and basically works on network circularity of money, a deduction from any part can easily damage other parts.

there is a reason why muslim countries with very same wealth tax (2,5%) are all shitholes.

When immigrants in MN, CA, and elsewhere, many un-doc'd, and collecting tax credits, food, living expense, and other benefits paid by taxpayers, [a.k.a. fraud] but pay none themselves, are claiming low-income status, and yet are buying luxury vehicles [with poverty rate claims], when 10%ers [those who are paying avg $100,000 per taxpayer income tax, an added 2% "wealth tax" is absurd when, collectively, they are already paying 73% of all income tax revenue. Those who act and spend like fat cats, but that money is obtained by fraud, need to pay THEIR fair share of income tax, or leave.

As of March/April 2026, the total U.S. national debt has surpassed the size of the entire economy, with the debt-to-GDP ratio exceeding 100% (roughly 120-125% when including all obligations). This marks a historic milestone, with debt-to-GDP reaching levels not seen since World War II.

We need to do what President Eisenhower did, a 90 percent top tax rate.

We need to do what President Eisenhower did, a 90 percent top tax rate.

the effective tax rate was about 46%. It was 90% only "on paper".

Q. If you haven't got money, how readily will other people let you die.

Ask homeless people, not that there are any in Bosnia. Being homeless is illegal in Bosnia.

Taxation at its core is an attack on property rights, which was the core founding principle of the USA, making it uniquely one of the first nations ever to have strong property rights. The result being a vastly different standard of living compared to the rest of the world, most notably South American nations founded roughly the same time with independent colony origins, but without the nearly the same strong property rights.

Around the 1930s, America became fascinated with the idea of economic fascism, where the government plays a strong role in centrally managing private propertied industry. It's evolved to what the USA has today, with a massive 4th branch of government undermining property rights to the point that America is slowly regressing into South America. Taxing the rich is simply accelerating the damage to the standards of living in the USA that started with the experiments in economic fascism long ago.

Seems like the question you are really asking is "how do we stop the trend of standards of living dropping when rich people leave, evade taxes, or just choose not to produce as much due to taxation."

The short answer is, "you simply don't."

You can get one-time relief with draconian tactics, such as suing companies for closing, or fining people with a one-time fine for moving out of the state. But that's extremely temporary relief for lowered standards of living, and those measures produce uncertainty for future investment, if anyone does dare to invest. That problem can only be solved with honey, not vinegar.

"Taxation at it's core" pays for the stuff of modern human society and modern human expectation....For some, stuff that is or should be somehow magically available on demand and without personal cost.

Rattling a collection tin ain't going to work.

the stuff of modern human society and modern human expectation.

Rattling a collection tin ain't going to work.

Clearly, USA needs exactly 2% more of these: