That's a silly argument. Every home owner in America pays a "wealth tax" in the form of a percentage of the value of their house. Somehow we homeowners generall

That's a silly argument. Every home owner in America pays a "wealth tax" in the form of a percentage of the value of their house. Somehow we homeowners generally manage to survive, most of us actually have growing property values over time. Rich people say I can't just sell some of my valuable assets to pay the wealth tax, they might not generate cash. Well tough luck, we homeowners have to deal with that too.