Shake747

If they did tax the wealthy heavily, they'd probably leave the country, and pull their money and resources with them.

I'm sure another nation would be more than willing to house billionaires/ultra millionaires and their assets, and your country would lose a lot of money/cash flow/jobs

It's a hard challenge to solve in a world wide setting.

Putting people into boxes doesn't really help anyone.

People are more nuanced than that.