All that is needed,to make everyone millionaires, is a good bout of hyperinflation. Just keep printing money, to stimulate the economy, and soon everyone will be rich enough to tax.
That won't work, either, because when you have hyperinflation not only do you get a revenue boost, but an expense boost as well as government would have to pay more for paperclips and such.
True, but you’d have a lot more millionaires to tax. /s