PETER J REILLY: You’re proposing a wealth tax of 0.5 percent or 50 basis points as we might say.
JILL STEIN: Now let me just ask you, I’m sorry. Are you talking about the Green Party platform?
STEIN: Okay, all right.
REILLY: Yes I’m sticking you with the whole Green Party platform regardless of what you’re- that’s all I have to go on. But it’s a 0.5 percent wealth tax. I could see how that might work with marketable securities and real estate but when you get into things like rare art work or precious metals or brands and that type of stuff I mean are we going to need an army of wealth inspectors in order to figure this thing out? How could it possibly work?
STEIN: Let me just explain that there is a distinction between the Green Party platform which is full of good ideas and visionary statements and a political campaign which is where you double down and you focus in on what’s actually doable and what’s doable now. And I will say that I find a wealth tax interesting, especially an intangible wealth tax where you’re talking about stocks and bonds so you have specific record of exactly what you’re going to tax because otherwise it does become difficult. But I think there’s a lot to be said for a wealth tax and especially a concrete wealth tax where you know what you’re talking about. Now that said we have not prioritized that as a part of our tax reforms within the Green New Deal. But I think down the line this would be a very interesting discussion. Part of the reason we haven’t gone there is it’s really important to start where the public is and where the public conversation is and we hear a lot of debate about capital gains taxing them as income about a progressive income tax and returning to the rates of Eisenhower or even Clinton for that matter where there was certainly no price paid and the economy did very well.