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This is outrageously favorable to the uber-wealthy (and anyone who is an order of magnitude more wealthy than you.)

Piss someone off? Maybe they'll just come in and buy your house. Cherished one of a kind item? Jeff Bezos likes it, so it's his now. Property developer wants to build something on your land? Get ready to move, no questions asked.

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>>Cherished one of a kind item? Can you give an example of an item with a large resale value that is cherished? Most sentimental valuable items tend to be of lower value. The ones I can think of, e.g. Wedding rings etc..... well if this would drive people to spend less on diamond rings or useless trinkets that generate a lot of pollution because it's the sentimental value that matters, that would be a win.

Any item must be purchased at a +30% premium over the recorded value with that extra 30% going to the state if a sale occurs. So if you did want to hold onto something, you would declare a higher value and get paid extra.

You would declare a higher valuation and get taxed extra... all while still not preventing Jeff Bezos or anyone with sufficient wealth from swooping in and buying it.

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