It's just regressive in general. normal people, especially today, have half or more of their net worth tied up in their home. so all of us normal people are eff

It's just regressive in general. normal people, especially today, have half or more of their net worth tied up in their home. so all of us normal people are effectively being wealth taxed while the very richest are effectively not being. My wealth tax in texas is ~2% :( I've got say for example 100k house with 50k equity and 50k cash and stock assets. I pay 2k in property taxes on 100k in property but 2k/(50k+50k)=2%. not real #s but real percent.