This article says that a report says that billionaires should pay a minimum 2% tax rate... But most folk I know pay somewhere around 20%-40%, give or take. Why should billionaires pay a teeny-tiny fraction of what everybody else pays?

https://www.bbc.co.uk/news/business-67191791

Billionaires should face a minimum tax rate, report says

A 2% rate on the world's wealthy could raise as much as $250bn a year, a report suggests.

BBC News
@billgoats wealth tax can't be directly compared to income tax, but I think it could be a good idea to tax the pseudo-income the wealthy get from borrowing cheaply against their wealth