The wealth tax "may receive imputed rental income from multiple homes and major consumer durables such as automobiles, art collections or yachts, which the federal income tax misses altogether."<quoted text>Obama makes King George the III look like a petty thief.
Sounds too much like Marx's first Manifesto plank: "Abolition of private property and the application of all rent to public purpose."
I'm just wondering how far this will go before some on the left see where this is really going.
Even the socialist-leaning French government isn't willing to go that far.