The first is a more limited type of property tax, which we already have. We also have inheritance tax. The vast majority of wealth is held in capital assets l

The first is a more limited type of property tax, which we already have. We also have inheritance tax. The vast majority of wealth is held in capital assets like stocks and bonds (or DOGE), so if you don't tax that, then you aren't really taxing wealth, and taxing these assets is a nightmare.