>>Cherished one of a kind item? Can you give an example of an item with a large resale value that is cherished? Most sentimental valuable items tend to be of lower value. The ones I can think of, e.g. Wedding rings etc..... well if this would drive people to spend less on diamond rings or useless trinkets that generate a lot of pollution because it's the sentimental value that matters, that would be a win.

Any item must be purchased at a +30% premium over the recorded value with that extra 30% going to the state if a sale occurs. So if you did want to hold onto something, you would declare a higher value and get paid extra.

You would declare a higher valuation and get taxed extra... all while still not preventing Jeff Bezos or anyone with sufficient wealth from swooping in and buying it.