Greg Leiserson has an excellent piece over at MarketWatch for everybody who wants to rapidly get up to speed on what a net-worth wealth tax might be and how it could work: Greg Leiserson: How a wealth tax would work in the United States - MarketWatch: "Policy makers looking for a highly progressive tax instrument that raises substantial revenue would find a net-worth tax appealing. Such a tax would impose burden primarily on the wealthiest families—reducing wealth inequality—and could raise substantial revenues. As noted above, the United States taxes wealth in several forms already. Thus, the policy debate is less about whether to tax wealth and more about the best ways to tax wealth and how much it should be taxed. A net-worth tax could be a useful complement to—or substitute for—other means of taxing wealth, as well as a tool for increasing overall taxation of wealth...
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