Wealth taxes bind only at the border wealth cannot cross.
Because high-net-worth individuals can relocate across state lines and open-border blocs at will, proponents now concede that only national, citizenship-based instruments — where leaving means renouncing a passport — can hold the tax base.
The same conclusion keeps arriving from across the workspace's research — 1 topics independently instantiate this theme. Filter the evidence by where it came from:
California's own supporters and blockers agree the fatal mechanics bite only at the state level, independently confirming that the tax's viable form is the citizenship-bordered federal one.
The politicians closest to the state-level implementation fights now concede that only a citizenship-based national instrument, where exit means renouncing the passport, can hold the tax base.