You are probably right. Although there are some proposals that might do a better job at collecting tax from the ultra rich. One policy that seems interesting to me is a “Tobin tax” on the sale of stocks and bonds.

I wrote about such a proposal

Written by

Sharing personal finance lessons I’ve learned on my journey from debt to Financial Independence. Join the Financial Mentor Program:

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store