WealthTax.now

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Against a wealth tax practical

Wealth is too hard to value

Illiquid assets — private companies, art, property — are hard to value every year, so a wealth tax is unworkable and invites endless disputes.

The counters

Valuation is a solved problem Tax systems already value estates, capital gains and property; banding, self-assessment with audit, and de-minimis thresholds handle the hard cases. Repeals were about bad design The taxes that were repealed had low thresholds, leaky exemptions and poor enforcement — the failures were of design, not of the underlying idea.
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Reddit / long form

You're making the "Wealth is too hard to value" argument against a wealth tax. Valuation is a solved problem: tax systems already value estates, capital gains and property, and banding, audited self-assessment and de-minimis thresholds handle the genuinely hard cases. The wealth taxes that ran into valuation disputes were badly designed — the failure was of design, not of the underlying idea. "Hard to value" describes assets the system already values every single day.

Learn more: https://wealthtax.now/arguments/valuation-difficulty/

X / Bluesky / short form

You're making the "Wealth is too hard to value" argument against a wealth tax. We already value estates, capital gains and property — banding, audited self-assessment and thresholds handle the hard cases. It's a solved problem. https://wealthtax.now/arguments/valuation-difficulty/

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