But how would they be able to live on that?

https://lemmy.world/post/14315441

But how would they be able to live on that? - Lemmy.World

But it’s not real money in their bank accounts! They can barely go by as is!
Aren’t they using that to get loans? They can easily buy anything they want using that as a collateral. So it is real money.
Make them take out loans against their portfolios to pay the wealth tax.