If anything, taxing billionaires should help lower the burden on labor aristocrats. The real issue is government having a monopoly on tax revenue and not pushing a penny far enough.
>The real issue is government having a monopoly on tax revenue
No the real issue is government having a monopoly on money, and the money supply, combined with not having any actual constitutional limits on spending.
Spending is the root cause problem here.
There are lots of things we can and should be doing to ensure that high-income tech workers won't have any trouble affording a home in San Francisco, but taxing them less isn't on that list.
Because I hear about adding a new higher bracket, and/or taxing wealth, raising the inheritance tax, an AMT for capital gains, etc.
I mean, we probably should be paying higher taxes too, but we could at least have the intellectual honestly to talk about the cohort that actually pays huge income tax bills (educated workers in HCOL cities) instead of gesturing at billionaires who have nothing to do with the income tax scale.