I guess you missed the part where he said the idea will no longer work since the debt is so high. He made the suggestion in 1999.
I also guess you haven’t read his official tax plan.
No, I did not. Doesn't matter anyway. He was suggesting to take from the private sector to reduce the debt the public sector has created, more specifically, politicians who apparently never have to pay for their actions.
I have nothing but contempt for that philosophy.