I would add that if you are securing loans above a certain total amount or used for certain purchase types to make a purchase, that purchase is subject to a sales tax that must come out of the purchaser’s pocket. The trouble with wealth taxes is that most of the “wealth” isn’t liquid, but it is often used, for example, as collateral to purchase Twitter. In this instance, the wealth used should be treated as liquid taxable assets. I think those taxes should come either from the purchaser divesting from some amount of assets or a straight cash, not from another loan, payment.