Yes, we can.

[Kevy Baby]

Originally Posted by Alex

I suck at the internets.

Well, I wish you would learn how to use them and stop breaking them.

Originally Posted by JWBear

We should raise taxes on the wealthy so that that are paying the same percentage of their wealth as everyone else. Poor rich people... Boo-hoo.....

The reason you don't tax "wealth" is that this is income that was ALREADY taxed when it was earned.

And that is only presuming that it is cash. "Wealth" could also include fixed assets such as real estate, of which property taxes are paid on. If someone realizes capital gains from real estate, they are taxed on that.

Taxing wealth is double taxation. And the wealthy would not be the only ones subject to it.