The sad thing to me is that there are individuals on the planet who are "too big to fail". By that I mean they can stop earning completely and still live disgustingly wealthy for the rest of their life. Why do so many of these same people insist on not only earning more and more just to hoard it away and keep those who work for them in poverty?
Don't say it doesn't happen.
Hoard it???? See. This is a fundamental difference between market policy and central control policy. Most rich people SPEND money. Tons of it. So, it becomes a question of who better to spend it; rich gal on yet another $500,000 horse or the gummint?
I will never forget the luxury tax; yet another 'good intention' whereby rich people would, so the thinking, if you can call it that, goes, would be all too happy to pay an extra surcharge on their yachts and such.
It destroyed the boat building industry in New England. Destroyed it. Why? Well, gee. Maybe someone who could afford a million dollar boat didn't see the reasoning in paying $1,100,000 for one. So, they got one for $700,000, having already felt like they were paying a premium for a US boat, and found, gee wiz, it's worth it.
So, then, good intentions having put boat builders out of business then put them on welfare.
So, you go from lots of good paying, highly skilled jobs to more people on welfare. Either progressives are stupid or evil.