That was the reason for Prop 13 in California which capped the annual growth of property tax at 2%, because property taxes were rising so high that people could no longer afford to live in their own homes.
Still, local property taxes are itemized to things like school maintenance, street and lighting repair, drainage, pest control, fire/police, etc., things that go directly to supporting the locality.
A federal wealth tax would go towards what, buying the votes of the poor?
-PJ
From the Articles of Confederation:
“Article VIII. All charges of war, and all other expenses that shall be incurred for the common defense or general welfare, and allowed by the united States in congress assembled, shall be defrayed out of a common treasury, which shall be supplied by the several States in proportion to the value of all land within each State, granted or surveyed for any person, as such land and the buildings and improvements thereon shall be estimated according to such mode as the united States in congress assembled, shall from time to time direct and appoint.
“The taxes for paying that proportion shall be laid and levied by the authority and direction of the legislatures of the several States within the time agreed upon by the united States in congress assembled.
https://usconstitution.net/articles.html
This indirect taxation could be reinstated by Congress.
“A federal wealth tax would go towards what, buying the votes of the poor?”
It would go to buying over 50% of the potential voters. The votes of the poor have already been acquired.
Constantine abandoned Rome because it was a human cesspool of blood-thirsty welfare recipients.