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People are keeping wealth in holdings because they are not taxed. If they would liquidate they would have to pay let's say for the sake of the argument half of it as tax. I don't think market is a problem here.

The bigger problem is what are you going to with that money? Obviously not consumption. You are not going to buy more tshirts and burgers.

You are going to invest in pet projects, like google glass or Bezos cockrocket [1]. Or finance some causes, like Gate's attack on malaria - good stuff.

[1] https://www.youtube.com/watch?v=uhMY23kgcKQ



Why 50%? Assuming we are talking about Bezos and AMZN the max tax would be 20% for long term capital gains?




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