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Yeah, the proposal was ~~a joke~~ an effort to start the movement. And it still failed.
(Imagine if you get a billon a year & they proposed a 2% tax - not much difference for you but if you invest only 1% of one year into lobbyists, that's a budget of 10m that is spent on for full-time employees working on how to not make the tax increase happen. And ofc bribes & extortions.)
With such speed of wealth concentration to remain a society without kings an actual wealth tax is needed, directly in company profits, and on personal income. Which includes closing tax loopholes & monitoring intra-group wealth transfers.
Besides, the alternative is to legally nationalize all the wealth of a few select individuals, like a purge common to after-revolution times (and literally end the debt crisis). That or be enslaved.
^ If that kind off public discussion would be going on billionaires would be lobbying for a gigantic tax increase on their wraith.