I have land, and so I am appatently wealthy, but if someone wanted to put a 2% tax on it I would have to sell it to pay the tax since I have very limited cash.

This would result in a land grab only the super wealthy could afford.

I already pay high taxes on everything from fuel to food to tissue to wipe my ass. Taxing my land ownership might push people to the edge.

The super wealthy would avoid it by pyutting everything into an offshore trust. Us little people, with expensive houses their parents worked hard and paid taxes for would just see another tax.