Wealthion · Monday, August 10, 2026
Chris Casey of Windrock Wealth Management describes a phenomenon of states implementing financial repression tactics aimed at the wealthy, such as wealth taxes and taxes on unrealized gains. He explains that the dire fiscal situations of these states are driving these measures, which are financially restrictive and disproportionately affect high-net-worth individuals.
“I would describe this as a phenomenon we've seen from a number of states in the United States that have taken measures that are directly targeting rich people.”
“These take the forms of wealth taxes, exit taxes, taxing unrealized gains, PITED taxes, you know, income tax, surcharges, etcetera.”
“But they all have one commonality. That is, A, they're largely directed at the rich. B, they all have the same source, meaning the fiscal situation, the dire fiscal situation of all these states is driving that.”