Earlier quoted context omitted.
Taxing wealth is much harder on a practical and algorithmic level than taxing income. But either way, taxing the tool is micromanaging the problem, and some powerful people cynically promote that because they can aim the details away from themselves.
I need to think about this more, but the first thing that comes to my mind is not that this looks like “taxing the tool”, but that this can (ought to?) be similar to an alcohol or a fuel duty. Nobody calls alcohol duty “micromanagement”. For products like petrol, it’s widely known that from money paid for a liter when it’s sold, say, in the UK, more money stays in the UK’s government pocket via a complex web of taxes…
Tax on electricity is already a thing. That can be adjusted and even be made progressive. Extra for fossils and so on.