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So because you are in the US, only the US deserves all of the wealth? That doesn't sound very fair when you think about it. Sorry Canada, sorry Mexico, you deserve nothing. Seems like all your idea would do is just make every person over 'X' wealth move to a different country, which has happened everytime high welath taxes have been implemented.
To your first sentence, that's the opposite of what I said.
I don't think wealth taxes should be limited to citizens. If billionaires own wealth here they can pay taxes here. If they don't like it they can sell their assets in the US.
If billionaires want to move they can obviously do so, but they can keep paying the wealth tax or they can sell their assets in the US. If enough billionaires sell their assets then eventually non billionaires will be able to afford assets. That's a win for Non billionaires either way.
Soooo property taxes? They already pay those.
It's almost like you haven't really thought about the proposal or even if it's going to generate the revenue for the services you are demanding.
Know what's a quicker path? End wars around the world, invest in local economies, and elect leaders that will do so.
Those are also good things and we should do them.
Wealth tax isn't directly going to fund the welfare state. The purpose is to slow or reverse the concentration of wealth into ever fewer hands.
If we fail to tax wealth, every other good government reform will only delay the inevitable slide into poverty. They might delay it for a generation or 2, because many nations have vast resources or have not reached high levels of inequality or both, but eventually, the rich will own everything if they are not stopped.