Yet this particular reform _does_ tax the rich more. It's mostly those making >$200k that will be hit, and it removes what were basically subsidies for the richest states in the country.

... And then it removes the alternative minimum tax, starts to phase out the estate tax and lowers pass through income tax rates. This tax cut might hit some really stupid rich people hard, but anyone wise enough to hire an accountant is going to get a lot more take home.

Looking at the new tax law as a whole, you are right, but the focus of this article is on changes to the state and local tax deduction, which currently favors rich states with high taxes.

People in expensive states are not somehow better off, dollar amounts are just higher in both the labor and real estate markets. It’s better understood as localized inflation than localized wealth.

If you mean by rich, Bill Gates and Warren Buffet level rich, then there are only a few dozen people whom you can tax that way.

Also tax is on income, not wealth. Unless Bill Gates sells his stocks, its pretty much untouchable.

There are wealth taxes. (property tax is one of them, estate tax is another -- phased out by this bill) In my opinion, we could do with a lot more wealth taxes.