I wouldn't start taxing any wealth below a certain threshold at all. Like $200K or something. If you buys a bigger house, if equity portion of that house is ab

I wouldn't start taxing any wealth below a certain threshold at all. Like $200K or something. If you buys a bigger house, if equity portion of that house is above a taxable threshold -- say a $1M house, and you have $200K equity, then that equity will be taxed. Very minimally I might add. > do not tax activities you want to encourage, and tax those which you want to curtail. That's not working out currently. Unless you want to encourage massive wealth inequality.