Taxing the rich is always a precursor to taxing the rest of us more too. Here's how "you will own nothing and be happy".
Earlier this week, the hapless US President proposed a new tax that should have us all shaking in our boots.
Not because we are US citizens or one of the billionaires at whom the tax is targeted.
We should be worried because taxes, when initially targeted at few, are copied by other governments and usually trickle down to the rest of us.