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Will the wealth tax be negative when assets drop in value?

I thought assets give positive return in the long run. Why should they not pay appropriate taxes for an economic system that increases inequality

Does the tax on corporate profits go negative when you make a loss?

Does income tax become negative when I loose money?

Do you lose money up to every other second?

Wealth is not income until you realize the gains.

If your car goes up in value you can't sell 1/100th of it to cover the your tax obligations.

Weird, that never stopped property tax. Why can't one have a wealth tax too.

Maybe we can tax only productive assets. And you don't need to sell a small proportion, just let the government own that tiny bit