Prologue Standing before many of us is the advent of a wealth tax. It is to be first upon billionaires, but as we all know, it will creep downward, down to millionaires. There is a movement to make it a national tax, with states like New York and California hoping to keep their wealthy from defecting. This is the setting. The details are where the true horror lies, and the details are the administration of such a tax. This article is about those details. What we propose is that a wealth tax is so complex that our current legislatures are incapable of writing it. Moreover, it opens endless possibilities for fraud, litigation, graft, bribery, and all manner of corruption. Below we give the section headings, so you can skip around as desired. I’m not supporting the billionaires, because they will find a way to defeat the system. It will be the rest of us, the not-so-wealthy, who will cover the true costs of the wealth tax. Heck, I’m a retired professor and ha...