Her "wealth tax" is unconstitutional, but so was the Income Tax, and that monstrosity is so ingrained in our hearts and wallets that I was forced to capitalize it or be audited.

Think about how her tax will be applied. Americans with a "net worth" over a certain dollar amount will be required to surrender a yearly cash payment of 6% of those holdings. This will require EVERY AMERICAN to document every asset they own and somehow manage to PRICE it every year and swear that price is accurate. I live in a modest home and drive a 15 year old Honda, but how does the WRS know I don't have 6 billion in offshore accounts or a chest of pirate gold? Also, how shall I value my 5% interest in a startup company that is not publicly traded? And by the way, how much is a spare tire worth? It still has some good tread on it. Does cat poop have a positive or negative value?

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