We need a national property tax, with an exemption on properties worth less than $1 million. We're considering a value added tax (VAT), but a property tax would be more fair. Property is generally an investment and/or income producing and is progressive (it hits those who are well off). It's easy to implement: the records of ownership and value are already available nationwide, so administration costs will be low. Tax those who hold the most wealth without penalizing constructive economic activity like employment.