The great idea shouldn't be throwing anyone under the bus. Everyone American is a millionaire, when denominated in some currency somewhere (and when the dollar is debased to be at parity with that currency). Taxing the rich as a way of lifting up the poor is as silly as if there had been a massive tax on people paying $10k for personal computers 30 years ago to fund government research on volkswagen computers. That $10k personal computer was the yacht of its day; heck, $10k could have bought a house in the 70's. The private industry unfettered competition can make personal computer available to practically everyone much faster than government monopoly can.
BTW, there's a reason why I used the volkswagen reference: that was precisely what the German government in the 30's did: massive tax on the rich to fund government sponsored popularization of new technology, the personal automobile at the time. The result was that volkswagen could never build a car that could match Ford in price despite ready Ford and GM example how to do so . . . because volkswagen management was full of party Gauleiter political jockeying. Not a single volkswagen car was delivered to the German public because the price was too high. The entire factory output had to be purchased by the German military as the buyer of last resort. The Autobahn was so empty by the earlly 40's that German government had to allow bicycle use of the roads, until the Western Allies arrived with trucks transporting soldiers to denazify Germany.
Guess what? The wannabe socialists the world over praised the Italian and German policy of taxing the rich to fund alleged government progressive policies. The result is fascism. Governments are not capable of any progressive policies besides reducing its own influence and letting the individuals progress.
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