Yes, your Trump scenario is fair, because he already paid taxes on that $1B that he holds, but you have not paid taxes on that $300k yet.
You should not penalize people for being frugal and saving by taxing accumulated wealth. There's already a strong incentive to pump money back into the economy via investment - interest/yield, to counteract the constant erosion caused by inflation.
You should not penalize people for being frugal and saving by taxing accumulated wealth. There's already a strong incentive to pump money back into the economy via investment - interest/yield, to counteract the constant erosion caused by inflation.