Taxing financial assets has a lot of the same privacy-invading, subjective-enforcement, and loophole problems as taxing income.
However, most corporations own a lot of other assets that are already registered with the government, or pay rent to other corporations that do: real estate, mineral rights, and intellectual property. If we can figure out how to tax these things, that could help.
However, most corporations own a lot of other assets that are already registered with the government, or pay rent to other corporations that do: real estate, mineral rights, and intellectual property. If we can figure out how to tax these things, that could help.