No worries… Real estate has gone up making many of those rich, rich, due to government policies over the last 20 years (you think real estate prices went up due to people being smart? It went up due to the Fed pushing down the yield curves and pumping liquidity into banks… in other words many of the wealthy people you know, got wealthy off Uncle Sam, not their hard work or ingenuity). Those people that benefitted extraordinarily so from policies that resulted in inflation of such assets now need to pay some of that back in so the Federal balance sheet can be balanced before we have a collapse and loss of confidence in the US dollars.
I mean the alternative can be a modern version of the financial collapse in Germany in the years between WWI and WWII… Do you really want to go there? Is some idealistic nonsense about how tis is Marxism or having the rich pay for the poor a reason to ignore the issues and let our economy head towards an unprecedented disaster (fyi, Gov’t debt is at its highest level ever. The Fed is meanwhile keeping yields down, but if inflation goes up, there are limits on what the Fed can do and you start running a risk where monetary policies don’t work).