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I'm going to stop tweeting politics for a while after this comment, but a tax on assets feels like a very dangerous precedent. It's a clawback on $$ you already earned. If I ever had >$50m (I won't), I'd immediately start looking for new countries to live in. Canada seems nice.
To put this into perspective: if you have a $100m net worth from building a company that's created hundreds or thousands of jobs, and you earn $1m/year to run that company, I think your net worth actually drops each year under this proposal.
An analogy: let's say that starting tomorrow Uber said they would charge the .1% heaviest users $0.10 for every ride they had taken *in the past*. And this charge would happen yearly. And if you're one of those users you can't quit Uber w/o paying a large fee. Would that be fair?
