> Exactly. They tax wealth created by nature and/or the community rather than wealth created by individuals. The land Trump Tower sits on isn't valuable because

> Exactly. They tax wealth created by nature and/or the community rather than wealth created by individuals. The land Trump Tower sits on isn't valuable because Trump owns it. It's valuable because all of New York surrounds it. Yeah, but pretty much all private wealth is built on top of thousands of years' worth of accumulated community knowledge. The startup you founded wouldn't be worth anything if not for electricity, computers, and the internet.