So why don't we tax the rich? After all, that's where the money is. And it's primarily there because government has ceased to act as a counter-weight to private power. During the 1950's, when New Deal tax rates were still in effect, income over $100,000- was taxed at 90% and working class income doubled! Since the Kennedy tax cuts, and especially since the Regan/Bush/Bush tax cuts, wages have fallen, inequality has risen, and the government has become insolvent.
Why tax the rich?
Because that's where the money is!