I guess my complaint was more about the type of taxes rather than the concept of taxes in general. Income tax I can accept: it's the price of entry to live in the place and enjoy its benefits. Even then there's plenty of room for debate between the extremes of "ultra-low / no tax" and "very high", but let's set that aside for now.

But having a wealth tax with a very low threshold is something else entirely. It means that I'm not free to invest and grow the money that is already mine, that I already paid taxes on in the first place. It means I'll always be held back and prevented from advancing as much as I could. It means that improving your situation so that next year you're doing a little better than this year, is something that the system actively pushes you away from.

There are also practical problems with taxing wealth. Income tax is "easy": by definition you have the money to pay for it because it's charged on money that you've received. With a wealth tax, you might not have the money. For example, if you own an investment apartment or some other illiquid asset you can't just sell a piece of it every year to pay the tax. You'll either have to find the money out of income (assuming you have enough) or ruin your investment strategy by selling the whole thing when you didn't plan to.

It also distorts the risk/reward tradeoff: many investments might not make sense at all if you're suddenly paying 2% a year of the value.