Jacob Bailey

How would it work on a practical basis? These are fairly basic questions that I've not heard answered yet: - how do you accurately value an asset? - is the tax annually recurring on the same asset? - if the asset value goes down, is the tax paid previously reversed? - what assets would be included/excluded, everything, or only land and property? - or is it a form of heightened stamp duty, one time? - stocks and shares included, or exempt because you pay tax when you sell profitably? - when you sell the asset, is the wealth tax paid deducted from the capital gains tax due... - if the person has the assets, but not the cash flow (ie they inherited an asset rather than cash), would they be forced to sell the asset to pay the tax bill? - what if they couldn't sell the asset, would it be deemed value-less, and therefore no tax bill due... Just some basic questions, and I'd genuinely like to hear some responses to these 🙏🏼🙏🏼 otherwise it's surely a non starter, and in that case it's just another decisive "blame them" campaign to distract everyone from something else.