From Tax 'Reform' Panel, Expect a Foregone Conclusion (washingtonpost.com)

Maybe we should come up with an alternative ... I, again, propose a savings tax. Money that is in savings accounts and held as cash or short term securities should be taxed. This would encourage work over other savings and investment. Increased consumption would also arise as the wealthy were forced to purchase things over having it eaten up in taxes. We could put a $200,000 exemption on savings. After that the IRS would come and take it. Just an idea ....