A two percent wealth tax is actually a better idea than a lot of people here seem to think.
If you have $100B, you’d have to pay $2B every year that you hold that much wealth, and you’ll have to pay it in cash.
This would produce a lot of annual recurring tax revenue, and it would incentivize billionaires to hoard less paper capital if they don’t want to constantly be forking over billions in taxes.
The tax is beneficial, and so is the way around the tax.