Someone crazy person just proposed an 8,5% wealth tax to replace income tax. And then says:

> Young people with high incomes now often spend on luxury, because saving for a house seems unfeasible. "If they can build wealth faster, they will postpone that expensive journey for a while," says Kooiman.

How do you build wealth if it's taxed at 8.5% per year? Sounds to me like this forces everyone (even more) to get a mortgage, because a home is taxed less than every other asset and won't pay net worth tax until you've repaid the house.