This doesn't target N people. It targets wealth above a certain limit, and notably wealth that is typically in an asset class that makes it easy to avoid taxes.

This doesn't target N people. It targets wealth above a certain limit, and notably wealth that is typically in an asset class that makes it easy to avoid taxes. This is exactly what you describe -- a way of balancing the law so that the rich pay taxes. Maybe you don't agree with the implementation but you've expressed exactly the sentiment behind the law so...