[verall]

The point is to push people towards productive assets - investments in people building things - and to generally limit wealth preservation. Unlimited wealth preservation = dynasties, which is not a goal.

Inflation is a sort of (not very effective) flat wealth tax. But inflation is necessary because in a deflationary system the best investment is holding cash, which makes everything freeze up.

Wealth should be (minimally, progressively) taxed, mainly to prevent serious distortions when someone has $1B in the bank and most have $10K.

Taxes, regulations, and subsidies on assets needed to survive (shelter, utilities, food, medicine) are necessary to keep these items available to everyone, because the market tends to break down in these situations.