Excellent, Katharine.

The wealthy can pay more taxes without hurting the economy, and the Trump tax breaks contributed to the deficit (which has now become painful to service because of high-interest rates). Also, they were a waste because they failed to stimulate investment (as Obama had previously discovered when doing the same thing).

A wealth tax would be a nightmare to collect (France abandoned it). The number and difficulty of making assessments would be expensive and underdeliver.

Better for America to introduce a Value Added Tax, which opposed to the common Sales Tax, applies at all levels and not just retail. Businesses could not avoid paying VAT as they do Corporate Tax.

Ideally, there should be no exceptions for VAT, and they apply to bread, sausages, ribeye, medicines, surgeries, components for Lamborghinis, and ocean-going yachts.

The issue with VAT is that it's flat and would need to be accompanied by (ideally) a generous base income.

The traditional income and corporate taxes could be eliminated.

Many thanks. Best to you.