Tax

Throughout the US history the idea of a wealth tax has not been popular. The idea of just going in and confiscating a persons assets seems like stealing to most people but times are changing, The rich have gotten so wealthy that the idea of taxing their wealth is getting more attention. The total wealth of the United States is $269 trillion in assets less $145 trillion in debts leaving a net worth of $123 trillion netr and the top one percent own 40% of this net or $50 trillion. The net worth is growing at 5% per year or for the rich that means they get richer by $2.5 trillion each year. If this money were collected and given to the 150 million wage earners they would each get $16,000 per year. This means the wage earner would have increasing incomes while the rich's assets would remain constant. Over time this would lower the gap.