>tax reform needs to be progressive, meaning it hits rich people more, and it hits them when they spend not when they earn. This misses the point. It needs to

>tax reform needs to be progressive, meaning it hits rich people more, and it hits them when they spend not when they earn. This misses the point. It needs to hit them when they own not when they spend. >A progressive tax will tax them more when they buy luxury items Which still wont be progressive it's the yield bearing assets Jeff Bezos buys which are the main problem not the fancy candlesticks he decorates his house with.