Adding on to this, we absolutely know how to tax assets. We do it all the time: property (i.e. house) taxes. The unfortunate thing for middle class home owners

Adding on to this, we absolutely know how to tax assets. We do it all the time: property (i.e. house) taxes. The unfortunate thing for middle class home owners is that houses are a type of wealth that is taxed just for having it whereas art, corporate shares, bonds, and trust funds are not.