points by logankeenan 1 day ago | 0 comments
If I understand you correctly, you’re saying the distinction on the “wealth” is specific to if the person owns the whole property. If they fully own the property then it could be considered a wealth tax. However, many people don’t since they have a mortgage so it’s not taxing them in their net wealth.
Another major difference is that houses are both harder to hide and easier to value than many other forms of wealth.