They just lost 40% of their investments, and yet they can afford a tax hike.
How many of these "rich" have to continue to work because their retirement investments are no longer enough to allow them to retire?
I recently met a man who had been extremely successful in the business world. He sold his company for a princely sum and made reasonable investments. He counted himself wealthy enough to retire. That was before everything crashed hard last year. Now, he's selling insurance to keep food on his table. The investments are mostly wiped out. He's rejoined the rest of us as a worker bee trying to make ends meet.