Problem with taxing the rich: what to tax?
Steve Jobs is, no question, rich. He’s worth $8B.
His income from Apple is $1.
He dresses in simple jeans and black turtleneck.
He is building a modest 5000 sq ft home for cash on land he owns outright.
What to tax?
sad to say, even in yer simple example there, hes already been taxed a few times...
Tax the rich, feed the poor, till there are no rich no more. (Ten Years After)