Sorry but a wealth tax is simply morally unacceptable. I don’t think it is appropriate at all to have worked hard, made choices, committed time/stress/etc, earned wealth, paid all taxes along the way, only to have it confiscated after the fact, in effect as an undisclosed but retroactive penalty. What does ownership and private property mean in such a system? Wealth taxes more closely resemble theft than a typical tax, and it erodes fundamental rights in our society.