RE: $80 Billion to Steal 800
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Upvoted for recommending Monero, while I don't agree with everything.
If we wanted to tax rich people we'd just print more money.
This would raise money, but not from rich Americans. Rich people typically keep their wealth in stocks and real estate. Many have a negative amount of dollars thanks to cheap business loans and mortgages. In fact, it's mostly foreigners who own dollars. Which is why they are in fact printing money - but it's not possible to print an unlimited amount without eroding the value of the dollar.
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What you are failing to take into account:
Capital Gains Tax is a SCAM! - Here's Why
It doesn't matter if the assets are being stored as securities or commodities, because taxes are paid in USD.
When inflation devalues the dollar it LOOKS like the price of stocks and gold went up.
In reality the value of the dollar went down, but does the IRS give a shit?
No, now you owe taxes on those "gains".
Oops!
Again, it does not matter if someone is holding dollars or not.
All American citizens get taxed on every asset they have, and the value is measured in dollars.