I don't like the idea of recurring taxes (even though many of them exist). Why should you be penalized each year for what you own? I could understand taxes on n

I don't like the idea of recurring taxes (even though many of them exist). Why should you be penalized each year for what you own? I could understand taxes on net worth "additions" but even then... Also, how does one properly assess their net worth let alone thousands (millions?) of people? It sounds like more government TPS, red tape and paper work will be involved. And I say all this as a minimalist - all my possessions could fit in a 12x12 room. I have a fix: Reduce spending & lower taxes. (Not libertarian style but in a true fiscal conservative sense) The government is so bloated with worthless employees, pork and shit kicking programs it's sickening.