Some of us initially poor but nouveau-rich would like to retire before we're old, you know. A wealth tax makes that much harder than it already is. You would al

Some of us initially poor but nouveau-rich would like to retire before we're old, you know. A wealth tax makes that much harder than it already is. You would also kill property ownership by all but the ultra-rich who have enough assets elsewhere to make up the continuous drainage because home appreciation does not grow that fast.