I think the ultimate objective is to tax wealth (that is, assets) because so far the government has only been able to get at wealth through death taxes.
This, in fact, has been suggested by various left-wing world economic groups: a 10% tax across the board on the wealth of everybody who has over a certain (rather modest) amount.
This will fatten the bank accounts of governments worldwide and, in our case, give Obama and his family and all the other bureaucrats lots of fun in the sun on Hawaii. Don’t forget, it’s all about feeding the government and those chosen by the political power to get into the sacred halls of government. The supposed “victims of income inequality,” on the other hand, are not going to see a dime of it.
True. They see S&P500 going up 32% and only the upper two quintiles participate.
We already have forced government deferred assets in the form of Social Security.
Upon retirement the actuarialized value as an asset paying our SS payments is easy to determine.