A wealth tax that doesn't exclude an amount typically invested by a middle-class worker is a non-starter. There are already tax benefits for your primary resid

A wealth tax that doesn't exclude an amount typically invested by a middle-class worker is a non-starter. There are already tax benefits for your primary residence (which, for many people is their largest share of wealth), so there should be at minimum tax exemptions on your 401k, IRA and maybe ~200-400k invested through other means.