Should billionaires face a mandatory wealth tax to fund public services?

Context

A wealth tax would impose an annual levy on the net assets of individuals above a certain threshold—typically billionaires—with revenue directed to public services like healthcare, education, and infrastructure. Proponents argue it addresses rising inequality and funds social needs; critics contend it risks capital flight, administrative complexity, and reduced investment. The debate has intensified as billionaire fortunes have surged despite economic slowdowns, making it a central issue in tax policy and inequality discussions globally.