The problem is, government “solutions” never dare to levy a wealth tax on the likes of Warren Buffett and George Soros - which is what public supporters of higher taxation think they are backing. Instead, government goes after the soft targets: small business owners, high-salaried employees, and retail investors.
ditto.
Buffett would love a tax on the ‘rich’. It knocks his competitors off the ladder. A big tax is meaningless to Buffett and Soros... doesn’t effect their status or power.
If Buffett or Soros quit and tried to ‘spend down’ their money - at the rate of a thousand dollars a second, they’d never be able to spend it all...