For good reasons we don't tax wealth.  We tax income and investment gains (housing excluded, of course).  What you keep after tax is yours to do what you wish with.  What you keep has already been taxed.

And people who live in houses that appreciate in value pay increasing amounts of property tax as taxes are based on property values.  There are problems with how appraised values are reached, and with certain places where property tax rates are low....*ahem Toronto*...., but it is simply false to assert that these people don't pay taxes.  They pay them and they pay more as their home is worth more.