Yep, this is precisely why we need a wealth tax.
Either you’re making several leaps of faith about how much good that money would do, or you just hate anybody that has something you don’t.
But... I will admit that it could make more sense to pay the government for protection of property, than personal productivity.
We can't even appraise homes fairly, for middle class folks that can afford them. How are we going to evaluate the wealth of billionaires?
- first every owner self-values their assets at $V and pays X% of $V
- then an interested buyer bonds $W>$V earnest money
- then the owner pays Y% of $(W-V) or the buyer gets it for $W plus tax of Z%
Rates around 1% could replace all other taxes in this scheme. Do I think it’s a good idea? I don’t know. Recipe for bureaucrat moral hazard.