Up for this in principle, but don’t see how the suggested tax would make the “ultra-rich pay their fair share”. Fair according to whom? The argument should have been the most optimal allocation of tax funding burden instead of fairness.
The ultra-rich have rigged our economy & rigged our tax rules. We need structural change. That’s why I’m proposing something brand-new: An annual wealth tax on the tippy-top 0.1%. We’d get $3 trillion in new revenue to invest in rebuilding the middle-class. Let’s make it happen.