This is an unpopular opinion to be sure, but I believe in wealth inequality and income inequality, so long as the standard of living at the bottom is reasonable - and there exists meaningful social mobility. I'd rather tax it on the backend than impede the front end. This is just a matter of opinion of course.
I think that's probably a fairly popular opinion - I agree with it. I just don't see property tax as making any meaningful impact on the wealthy (in my area).