Wealth taxes don't work. It was tried in Europe in many countries and they ended up rolling them back.
There are two studies cited. One on the repeals is by "Institut de l'Entreprise" which seems to be a wealthy people's think tank [1] and the other is about why the wealth tax wasn't introduced in the UK [2]. I'm not convinced by the evidence here.
[1] https://fr.wikipedia.org/wiki/Institut_de_l%27Entreprise
[2] http://eprints.lse.ac.uk/42582/1/Why_was_a_wealth_tax_for_th...
Second, please re-read my comment above as to why you might have understood that.