Consider your logic in a different manner:

I assume you work in some form of technology. Technology and related jobs have seen their wages increase astronomically compared to textiles or fast food. Sorry, you're not impoverished. You, and everyone else in your town, are now subject to 100% tax above a certain threshold, at 110% of full time minimum wage. This is so we can give that money to people who chose to not enter technology.

Ridiculous. Moderate taxation on a progressive marginal increase is fine. The extreme is absurd. Property rights are what make trade work without having to hire armed thugs.

I absolutely reject the notion that a home owner's personal reserve price to walk away from their property should be coercable.

That being said, my neighbor should have little say over what happens on my property outside of mutually agreed covenants.