On the surface it seems like liberals are innumerate, given than even confiscating the entire net worth of the top 1 percent will barely make a dent in the immense level of debt the nation is piling up. That’s when you realize the liberal kvetching about the 1 percent and “fairness” isn’t really about fiscal rectitude at all; it’s about envy and resentment of the rich. My pal Jim Piereson calls it “punitive liberalism.”
Now there’s a web app called “Soak the Rich” where you can play the game for yourself. Click on the industries where you’d like to see the industry’s taxes doubled, and the CEO’s pay taxed at 100%, and see how little it does to reduce the deficit.