The goal here isn’t to tax the rich only. They can’t get enough, even at 100% tax to pay for the largesse he’s committed.
His goal - always has been - is a massive, massive transfer of wealth from makers to takers. The single largest source of untapped real liquidity is private retirement funds - IRAs, 401Ks, and savings.
You will see before this next four years is out a proposal and full-on press to, first, assess a one-time ‘fairness’ assessment on all private retirement funds and savings (greater than the average amount a leech Democrat can put back) 10-20% is my guess.
This will go on for a year while they revel and spend in the new-found wealth and realize it isn’t enough.
They will end up CONFISCATING them all, and give each one of you suckers who had the temerity to save, the luxury of ‘saving America,’ and you will be ‘rewarded’ with an ‘extra’ pittance each month in your workers’ retirement payment.
That's not to say that they won't nibble around the edges of taxing wealth. Even now, there are many restrictions and penalties on pension funds, such as early or late withdrawal penalties. There are also real estate taxes. And, the inheritance tax is back. Also, a change in citizenship is considered a taxable event, equivalent to a forced sale and tax calculation. So, wealth gets penalized even now, but not directly tapped.