No. I've spoken on this multiple times in debates with the Canadian Centre for Policy Alternatives, and I think it would be catastrophic.
There are two problems with a wealth tax. You get into the whole problem of measurement of wealth or you get into the question of timing, because then we're typically talking about taxing wealth that has not been liquidated. You're going to somebody and saying they are sitting on some stocks, so we're going to take some of it.
Again, it's going to drive people to other countries because we're not the only country in the world. If we do that, people will go to the States.