No one but the Nation owns the land we live on, the wealth beneath it, and the air above. The fact that we pay property tax or lose our Land proves that to privately use it is a privilege that you must pay for. The right of "Eminent Domain" is proof that the Government can take what it needs for the "Common Good" as long as you are compensated for your improvements.
The power to tax on possessions and monetary wealth is proof of the existence of the "commonwealth" and all of the people are entitled to a Dividend on their commonshare of that wealth. I am a strong believer in the Right of ever citizen [Rich or Poor] to receive their Commonwealth Commonshare Dividend, just as a Corporate shareholder does without means testing from the Government "Bureau for Begging". It is the platform for a Universal Basic Income