And, in fact, they know how this will play out:
1. Demand that “the rich” pay “their fare share”
2. “The rich” becomes anybody who earns more than basic subsistence income
3. “Their fare share” becomes whatever leaves just enough to get by
4. The actual rich create more loopholes so that only the middle 80% are actually impacted by these new tax hikes.
I just don't get it.
Here's a simple example of what I mean. The billionaires pushing this tend to have certain political ideas and tend to be active in politics. If they give just their money, then they have limited political effect. But if they can get _all_ billionaire's taxed and then lobby to use _that_ money to further their political ends (including for things those other billionaires don't agree with), they can amplify the power they have to make their pet social policies. I'm not interested in helping them do that.
And perhaps give themselves a moat by making it harder for the competition or newcomers.
Great. So much for their altruism.