Assuming billionaires were going to get a special tax, how would you actually determine how much to tax them? Sure some would be straightforward like Musk where it’s entirely derived from a few companies with known ownership stakes, but what about all the others?
We don’t even know the names of most of the billionaires. With all the games they can play to hide money, now made even easier thanks to the changes Trump made in his first few months, how would you even figure out who and what amount to tax? They don’t have a normal salary or easily documented income like everyone else.


The biggest loophole they use is taking out loans and using stock as collateral. Stock is supposed to be unrealized so if it is used as part of ANY transaction it should instantly become taxable.
But collateral isn’t used as part of a transaction unless the loan is defaulted on.