No one ever accused the Donald of thinking too small. Trump was certainly quick to denigrate George Bush for failing to evade that irksome reporter's pop quiz the other day. It's easy for him and others to say how they would have reacted had they been blindsided by the likes of Andy Hiller. No, he wouldn't have done anything so foolish. Trump, having announced his intention to seek the Reform Party presidential nomination, has devised a plan that fits nicely within that party's non-platform platform.
Reformers claim to decry the national debt.
Many economists say this kind of tax would require an incredible asset sell-off and most likely crash the stock market. I wonder if the greedy government would also double-dip by taxing the capital gains on the asset sales necessary to obtain the liquidity to pay the assets tax. There is also a serious question as to whether the tax would be constitutional. It's just a tax on the status of the property itself, property that has been acquired, in most cases, with after-tax dollars. There's another equally troublesome aspect of this plan.