A tax revolt is under way in America

economist.com

3 pointsandsoitis2 comments

Most of the wealth is imaginary wealth. Like that 800 billion ChatGPT is only that. Those 800 billion do not exist otherwise.

Same can be said about other valuations and thus "tax the rich" on what exactly? On imaginary wealth that doesn't even exist?

Yes. This will make imaginary wealth not viable. And then real wealth can be taxed