if you have assets, house, gold, car, whatever, those governments are going to take some of that. uber liberals in america want to do the same thing. >> you can replace completely the income tax and the estate and gift taxes with a wealth tax of 1.5%. i think it should be graduated and progressive because to meet most important issue is to deal with the wealth nawbility inequality in this country which is much more severe than the income inequality in the country. >> bill: isn't that interesting. wealth inequality. where have we heard that before? carl marks? mao, fidel castro? if the u.s. were to impose a so-called wealth tax, that would be the seizure of private property. thus unconstitutional. on paper we can't do it. but we are living in a very strange time and socialism is close. state of vermont has a socialist senator bernie sanders. he would take everything he could from the wealthy. if congress passes a law that seizes private property from
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