Should there be a wealth tax?

[Jake]

This would be a great idea if your goal was to get everyone worth more than $10 million to move to another country or do lots of less than legal things to hide most of their assets.

Seriously. Those who were very wealthy (ie, billionaires) would relocate elsewhere. It might be difficult to move the real estate that makes some wealthy, but it's difficult to chase down people who's main wealth comes from their stake in businesses.