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How is a wealth tax just moving water? What would you say is more effective? A wealth tax isn't just about recapturing some of the wealth back from the wealthy, arguably that isn't even the most important aspect of it, but rather having the mechanisms in place to map out and track wealth. Having that in place would massively benefit us to understand the velocity of wealth and where exactly it is being accumulated so that we can more effectively act to remedy massive inequalities.
If you want to learn more, this video goes into it: https://www.youtube.com/watch?v=cmK74mfpHQA