Jaspreet Singh

And then number two, that ends up hurting the average person.

Here's why.

Let's go through history.

Income taxes started off as this idea of taxing the rich, have now become this idea of how do we tax the middle class.

I'm telling you as an attorney that the people that have money will find ways not to pay the taxes.

Period.

There are many different types of loopholes, and as you have more money, you have more knowledge, you have access to better resources, you're going to find more alternatives.

So what's going to happen?

Well, how about we raise this wealth tax a little bit more?

How about we lower the income requirements a little bit more?

And then all of a sudden, what we've seen happen time and time again, this wealth tax does not become a wealth tax on the wealthy.

It becomes a wealth tax on the average person while the wealthy are not paying it.

And now the average person has no idea how to... My stocks went up to $10,000.

How do I pay it?

Because I don't have the money to pay it.

So I have to sell my stocks.

And now all of a sudden you start to create a lot more concerns.

That is the problem with the wealth tax is what it can lead to without a proper format on how do you actually use the money.

The first problem is just, here's the thing.

The system is rigged.