[fullmetal]

Not sure we can do a wealth or asset tax given the number of Americans with foreign assets and lack of ability to compel discovery, so to speak, in some jurisdictions outside the USA.  (If you can't enforce the law, then the law is not worth having, so they say.)  Philosophically, I'm not sure the idea of taxing asset ownership is very palatable, even if you restricted it to taxpayers reporting net worths greater than, say, $5mil.

There are very effective ways to sidestep the inheritance tax as currently written, and I am not sure how you would put teeth into a more comprehensive inheritance tax framework (but yes, I agree that the idea is nice).

[fullmetal]

Not sure we can do a wealth or asset tax given the number of Americans with foreign assets and lack of ability to compel discovery, so to speak, in some jurisdictions outside the USA.  (If you can't enforce the law, then the law is not worth having, so they say.)  Philosophically, I'm not sure the idea of taxing asset ownership is very palatable, even if you restricted it to taxpayers reporting net worths greater than, say, $5mil.

There are very effective ways to sidestep the inheritance tax as currently written, and I am not sure how you would put teeth into a more comprehensive inheritance tax framework (but yes, I agree that the idea is nice).