The moral argument against a wealth tax

"The moral argument against a wealth tax is simple: Your wealth is not a public resource simply because other people are envious of it. If it was earned voluntarily and without violating anyone's rights, others have no moral claim to it."

~ Rock Chartrand

"The wealth tax is not about economics at all. It’s about envy, destroying billionaires. And it’s about grabbing their power for the government. They want to get rid of billionaires even if it impoverishes the rest of us."

~ John Cochrane from his post 'Wealth Tax 2.0'