Sure, let’s go ahead and “tax the rich,” shall we? First step: confirm who the rich actually are. Good luck with that little scavenger hunt. The truly wealthy are about as easy to pin down as smoke in a wind tunnel. They are mobile, shielded by battalions of lawyers, accountants, and financial ninjas, and can shift assets across borders with the flick of a wrist. Trying to catch them is an entertaining exercise in theory, but in practice it’s like hunting whales with a flyswatter.
And even if—if—you manage to squeeze a few billion out of them, what does that do for a national budget? Absolutely nothing. Pocket change. A rounding error. A lemon you can squeeze exactly once before it turns dry, bitter, and useless.
Which is why the people desperate for revenue always move on to more fertile, dependable terrain: the one group that has been milked, fleeced, and kicked around since the dawn of civilization. Those who still imagine themselves part of the Middle Class. Not rich, not poor—just functional enough to be plundered efficiently.In other words: you and me.
That’s the bullseye painted on the wall.
So maybe hold off on the champagne.
https://www.masterresource.org/net-zero-fallacy/tax-the-rich-over-net-zero/