Fascinating argument by David Friedburg. The wealth tax would require a list of ALL possessions the you have already bought and paid tax on (aren't we already doing that with property tax!?) and provide that list to the government. Thus the government can eventually confiscate what ever percentage it deems "fair". Sure, maybe just Billionaires now just like the original income tax was just for the wealthiest. You will own nothing and be happy.
On a side note, David Friedburg paints an abundant future where we will all have robots to do stuff for us and we will work less. That's not utopia, that's a precursor to genocide. In Doetorskys "notes from the Underground",a prominent feature of human nature is pointed out (Jordan Peterson talked about this): If you give a man utopia, they will turn it into chaos just to make things interesting again.
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