Rich is sooo relative today: Anybody who has a little 1 or 2 Bedroom Shack in Toronto and happen to live in there since the 60ties is now a Real Estate Millionaire, even if she or he is on fixed income and just scrapes by, because selling and thereafter renting would most likely feel like another lifelong mortgage, let alone if the talked down inflation starts to really blast out of the starting gate.
Why not install a 5 year salary freeze for the people on the sunshine list in various governments and disallow squirreling money away into tax havens for the corporate welfare club we all maintain on little or medium income?
What about cutting government programs which are not absolute necessary?
The really rich are so few, that governments by intent always will tax-hit on the working middle class and asset rich retirees, as there are so many of us.