I will go further..let me be hypothetical.. in a closed and transparent system imho even income should not be taxed.. only spending.. if i earn 10bil and spend 0 why should I pay ? If i donate those 10b to my children and he spend 0 and grow it to 100b or leave it in bank.. all spending 0 .. what is the difference of taxation here ? We both died homeless and hungry... We are doing the equivalent of buyback\ reverse printing on dollars...decreasing liquidity ....Until i spend what is the problem ?.. btw this is not a closed and transparent system so taxing liquid assets is ok.. it's when I spend that I'm going to use or abuse the system or the ecosystem depending on what I'm buying . So let me pay 9000% taxes on a dodo steak and 1% on tofu burger this way with ethic taxing policies i would be also incentivated to spend better and improve the world ..