Most wealth tax proposals are to take a percentage of a person's accumulated wealth annually.
A property tax isn't what people are talking about for a wealth tax.
I do believe that you should be able to keep accumulated wealth. We are all equals under the law. Once there is a wealth tax the definition of wealthy will be continually decreased so the government can take more. The government has an insatiable appetite for spending other people's money. It will always demand more.
Like I said, that isn't what is bandied about as a wealth tax. Elizabeth Warren proposes a 2% annual tax for net worth over $50 million and 6% for over $1 billion. It is literally taking a percentage of what they own every year. Don't forget, they would still pay taxes when selling assets.
A property tax isn't what people are talking about for a wealth tax.
I do believe that you should be able to keep accumulated wealth. We are all equals under the law. Once there is a wealth tax the definition of wealthy will be continually decreased so the government can take more. The government has an insatiable appetite for spending other people's money. It will always demand more.