While I understand your point, I don't think I fully agree with it. If house prices are connected to inflation, what is there to stop somebody from buying a house and renting it out. The rent money is used to buy a second house and so on. The price of houses will go up, and so will the rent. But the houses themselves were bought at a lower price, so house prices going up would not have any influence on the landlord. In the meantime the rent keeps going up, reultiyin more profit in the end.
Now of there would be a taxation based on actual worth of a person. And the amount of taxation is based on the minimal income in a country...
Maybe a bit farfetched and I do not know if I explain it in a way that I get my idea across.
If history is any guide, the situation is already settled. Prices won’t return to their pre-tariff levels. Once tariffs are implemented, they tend to stick. Even if they were removed now, most companies have learned that consumers are willing to pay at these higher prices. At best, prices might drop slightly, but they will remain within high profit margins. Businesses will justify this by claiming that global trade has simply become more expensive. In short, things will never go back to the way they were.