Taxes aren't really for budgetary matters. A government can simply print money for that. Taxes are mostly for: 1. Data collection. 2. Behaviour incentivizatio

Taxes aren't really for budgetary matters. A government can simply print money for that. Taxes are mostly for: 1. Data collection. 2. Behaviour incentivization/disincentivization. 3. An avenue for money destruction. With inflation concerns still lingering, #3 is on minds. We also are coming to recognize that we don't actually have a great handle on how much wealth is out there, which is no doubt why this seeks to tax the wealth and not the associated income. But I suspect the greatest driver is that the general public are increasingly coming to think that the rich are not behaving in desirable ways and want to change their behaviour, with this being an appeal to that.