This is true if both are unrelated. If you tax owning things a lot, then you tell people that there is no point being very productive as savings throughs highe

This is true if both are unrelated. If you tax owning things a lot, then you tell people that there is no point being very productive as savings throughs higher income go all into taxes. Then people don't have much incentive to be productive. Most of these ideas have been tried before and you eventually arrive to picking up lesser of many evils kind of situation.