People that don’t understand numbers sicken me. If the US FedGov outright CONFISCATED all the money from everyone that makes over $1M in this country, it would olny fund the govt for about 75 days.
Taxing is nothing but class warfare of envy and jealously.
It’s spending in the first place that causes 2-dimensional thinkers to unthinkingly blurt out that taxes must be raised instead of spending cut.
You must mean all the wealth (savings, investments, etc).
Taking all income over a half-million or so would fund the gov’t about 2 days. And that’s assuming recipients don’t cut their incomes to $0 the instant the 100% rate is announced.
Ronald Regan, as actor, did not make more than 2 movies per year because that would have put him in a 92% tax bracket.