@adamnash @hblodget @Noahpinion We'll always have Switzerland. Much lower rate, but seems to be functioning in certain Cantons.

@robtfrank @hblodget @Noahpinion Yes. Switzerland argues for a much lower rate to be practical... if you have a very small economy / population.

@adamnash They're not *bad* results, just...not impressive.

@Noahpinion I said “aren’t great!” 😉

@adamnash @Noahpinion Your tweet is misleading. It didn’t generate the expected revenue. But it didn’t cause the collapse of the nation. And they achieved the same policy goals through other means.

@RickMandler @Noahpinion Which part of my tweet is misleading again? Specifically? Is the bar for “great” that it didn’t cause the collapse of the nation? 🤔

@adamnash @Noahpinion I didn’t read the proposed taxes, would it be on world wide wealth? Moving to another country wouldn’t work then, they would need to give up the citizenship.

@adamnash @danheld @Noahpinion This is not about the revenue but the bad stuff somebody can do with his billions if he has a malicious agenda.

@adamnash @benedictevans @Noahpinion Well, history repeats itself. At some point in the past the French, being really fed up, stormed the Bastille. I fear not only climate tipping point is near. So there should b a proper solution soon.

@adamnash @A1b1t1 @Noahpinion

@adamnash @benedictevans @Noahpinion Many things Americans think are cool and new have been tried and rejected elsewhere

@adamnash @chrisfralic @Noahpinion Let them run....

@adamnash @Noahpinion Have you come across any good counter arguments to this that are worth reading as a devil's advocate? It seems pretty strong to me.

@adamnash @Noahpinion I really think simplifying the code to reduce the number of tax-advantaged investments and structures (trusts and the like) would make much more revenue without all the negative effects on entrepreneurship.

@adamnash @tylercowen @Noahpinion Didn’t Sweden similarly lose IKEA founder due to taxes? I seem to recall they later came to an accommodation.

@arajan @Noahpinion Sure. The US is unique on multiple dimensions. Largest & most diverse economy in the world. Problem is, unique nature is an argument against change as well as for it. Wealth tax has a lot of empirical data, we can always choose to ignore it.

@adamnash @Noahpinion Y’all never like the health care comparison though.

@adamnash @Noahpinion Why is it called “soaking the rich?” I thought most see it as them paying their fair share? No?