It just seems like the really wealthy would just keep it overseas or find other ways to hide it. Wealth is not always objective. Also, what do you do for someon

It just seems like the really wealthy would just keep it overseas or find other ways to hide it. Wealth is not always objective. Also, what do you do for someone who bought a house 40 years ago near SV for $80K and it is now worth $1.5M. Are you going to tax them (in addition to property tax) and force them to move? Are they your target? Personally, I think we need to keep the inheritance tax and remove other loop holes when people are making money. For instance, there is no reason we can't get rid of like kind exchange. People are always more readily accepting to pay a tax out of part of their profits.