1. United States
2. Texas
3. Letter

I am writing as a Texas constituent to express my support for the proposed legislation establishing a wealth tax on ultra-high-net-worth individuals. While discussions about taxation often become ideological, this proposal deserves consideration on its fiscal merits and the practical safeguards it incorporates. First, the threshold for the tax is extremely high—targeting only individuals whose wealth reaches the level of billions of dollars. At that scale, the policy does not meaningfully affect the incentives that drive entrepreneurship, investment, or innovation in the broader economy. The vast majority of business founders, investors, and professionals will never approach this threshold, meaning the motivation to build successful companies and accumulate wealth remains intact. The bill is designed to address only the most extraordinary concentrations of wealth while leaving ordinary economic ambition untouched. Second, the proposal includes mechanisms intended to make enforcement administratively realistic. By focusing on a very small number of taxpayers with highly documented financial holdings, the policy avoids the broad compliance burdens that can affect middle-class households or small businesses. Ultra-high-net-worth individuals already maintain extensive financial reporting structures, making valuation and oversight far more practicable than is often suggested in theoretical critiques. Third, the bill attempts to incorporate safeguards against evasion and capital flight. Clear reporting requirements, strengthened enforcement capacity, and penalties for concealment are meant to ensure that the tax functions as intended. These provisions recognize that any serious fiscal policy must be enforceable in the real world, not just appealing in theory. Finally, from a budgetary perspective, the United States faces substantial long-term fiscal pressures. Responsible policymakers across the political spectrum acknowledge that addressing deficits will likely require a combination of spending discipline and new revenue sources. A narrowly targeted wealth tax on billionaires is one potential tool that focuses revenue collection where the economic capacity to contribute is greatest. Reasonable people can debate the precise structure of such a policy, but dismissing it outright would overlook the practical design elements intended to make it workable. I encourage you to evaluate the proposal carefully and consider supporting legislation that responsibly asks the most extraordinarily wealthy Americans to contribute modestly more toward the nation’s fiscal stability. Thank you for your time and for your service to the people of Texas.