1.Sure, I will take your risk assessment over these banks anytime (not). 2.If the value is so unstable it can plummet over night, then it was grossly overestimated initially, back to my previous point.

Again, none of your business, because you're not the lender.

Neither should roads, schools, garbage collection, police, firefighters, etc, I guess.

Idiotic straw man which I will be ignoring.

I fail to see why you so much want to protect them from paying any tax…

This is you projecting your unwillingness to support anything that doesn't personally benefit you.

The principle of taxing people based on the value of what they already own is nonsensical, no matter how much or how little that value is. Objecting to both wealth taxes and property taxes just means I'm not a hypocrite.

You could still tax by hundreds of billions the ultra-rich class at the country level (I assume US here) and neither their lifestyle nor their long term prospective lifestyle would be impacted the slightest.

Taxing based on 'you could do without it', especially when the definition of that excess is completely arbitrarily defined, is a horrendous precedent to set. Vibe taxation. Every wealth tax aimed at the 'ultra-rich' in other countries in the past has either been repealed outright, or was broadened so that it, surprise surprise, is no longer aimed only at the ultra-rich, and falls into the lap of of the middle class, once again.

Or alternatively, we can keep saying it’s complicated and/or doesn’t make sense

Based on the failures already witnessed elsewhere in the world, yes. It objectively doesn't make sense.

you can enjoy record breaking wealths of a few that will make headlines

Inflation is a thing, so those records will always be broken eventually. It only "makes headlines" to appeal to dullards who don't understand things like that. The same type of people who freak out over sensationalist "medical headlines" that are never as drastic as the clickbait article makes them out to be. The same type of people think the violent crime rate is constantly rising because they stare at 24-hour news networks who are incentivized to get your attention, not be accurate, while the actual rate has dropped steadily for decades and decades.

while the life expectation education level, overall population health keeps going down and poverty keeps going up…

Liar on all counts:

• US Life expectancy is at it highest ever in 2025
• Educational attainment is steadily trending upward
• Poverty is trending downward

until one day, it catches you!

Hopefully, one day, the facts will catch you.