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Didn’t Teddy Roosevelt implement wealth taxes via the Estate Tax and Capital Gains Tax?
These aren’t exactly new ideas. We’ve just slowly dismantled them over the past decades.
No, because taxes aren't levied until after estates are transferred or dividends are paid. Yes, the idea has been out there for a while and there are very good economic and social reasons to impose wealth taxes that other nations have already figured out and implemented, but we're...exceptional. So exceptional that we'll let our exceptionalism drive us into the ground.