No, it doesn&#x27;t fix the problem and it creates several others. That&#x27;s the biggest problem with all of these quick-fix new tax ideas, the proponents never think them through.<p>1. What jurisdiction does one country have to tax assets held in another country?<p>2. Why wouldn&#x27;t the country where the assets are located be the one to tax them?<p>3. How would you address the possibility of double-taxation?<p>4. How would you prevent the wealthy from shifting ownership of these assets to corporations or family trusts that are incorporated in that foreign country. Assets located in a foreign country, owned by an entity in the country would be taxed in that country.