>We have computers in our pockets that can perform trillions of calculations per second; we have social media sites capturing terabytes or petabytes of data per second; we have LLMs with trillions of parameters. So it boggles my mind to see someone say "we can't tax wealth, that'd be too complicated! We'd have to do dozens of calculations per year!"

No one is saying that it's "too complicated" to calculate someone's net wealth in basic securities. I did not make that claim. This is a poor strawman.

>You're imagining taxes as being one big annual chunk

No I'm not, you're talking to someone who pays taxes quarterly.

>It could be more like sales tax: baked directly into how these financial instruments work.

We already have that via capital gains and income taxes.

>You're also imagining taxes as computationally difficult, but they're absolute baby math compared to something like rendering a single 3D frame -- they're only artificially difficult for people because Intuit lobbies to keep it that way.

Again, I am not making that claim neither is anyone else. All the computation in the world doesn't solve for something that is inherently illogical.

>People get infinitely creative with financial instruments like collateralized debt obligations over mortgage-backed securities

These securities are logical to understand.

>but as soon as we suggest taxing wealth people throw up their hands and go "there's no possible way to do it!"

Again, do you get a tax refund if your tax liability went down due to depreciation? How do you levy wealth taxes on assets such as private businesses and ventures that do not have a clear appraisal value, or one at all? Most countries that levied wealth taxes has discarded them due to these difficulties, ones that compute can't solve.