We disagree profoundly. While an income tax is bad because it penalizes productivity, a wealth tax penalizes both productivity and thrift and is thus worse. I'd prefer a retail sales tax as our main source of funding, but that's a very long way off because it removes government's power over social engineering.
Explain how an income tax helps “thrift” if your money is TAKEN BEFORE YOU CAN EVEN INVEST IT OR SAVE IT?