Taxing wealth will make people not seek it. Why try so hard if it can evaporate in a couple of years anyway? Of course illiquid assets are also a major problem

Taxing wealth will make people not seek it. Why try so hard if it can evaporate in a couple of years anyway? Of course illiquid assets are also a major problem with the idea. But the main problem is that taxing wealth for no particular reason disincentivizes production.