This is why you should read up on the Laffer curve.
The logical limit of your argument is communism and everyone with the ability to read a history book knows that results in corruption and death.
The logical limit of your argument is communism and everyone with the ability to read a history book knows that results in corruption and death.
What's the plan?
Forced revaluation and selling of assets once per year?
Who values privately held assets?
Most people actually do have lived experience with communism, just that it's within the scope of their own family unit.