> If you are an artist so good that your paintings are worth $1M each, should you get to have them? Or should someone walk in your door and say "whoa there, you have too much now, we're taking your paintings until you have the same amount of wealth as the $75k/year guy"?

If you paint million dollar paintings and leave them in your studio, I guarantee you the IRS will not knock on your door and say "you have too many paintings now, we're going to take them now".

If you sell those paintings, and make an INCOME, the IRS will expect you to pay INCOME TAX.

Seriously. How is the basic concept of taxes so hard to understand?