All my life whenever the Dims promised to raise taxes on “the rich” they wound up raising my taxes too. Even when I was making $4/hr.
IF they were honest they’d define rich as anyone with an income.
The problem is that the democrat ruling class believes that the peons don't need much money if they just let the democrats take care of them. About 10 years ago, I had a prominent democrat politician tell me that because I made over 100k a year, I was definitely rich.