Comment: I think this is a horrible

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I think this is a horrible

I think this is a horrible idea. I strongly suggest you study the history of taxation in this country to learn what the federal government can and cannot tax and why. Then you will understand why this asset tax is not possible at all. Unless they make it voluntary just like today's income tax, in which case you can bet Warren Buffett will figure out how not to volunteer, while Joe Public continues to get fleeced. I think one of the primary false assumptions behind these types of hairbrained ideas is that you think the income tax pays for government services or contributes in some way towards the government budget when it does not. I like Ron Paul's idea the best. Get rid of the IRS and replace it with nothing. Make the federal governmet learn to live within its means like every other person.