Uplifting News
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While I'm all for taxing the rich more than the current system of not at all, I think in the long term it would be better to instigate or modify systems so that we don't get these exceedingly greedy people going unchecked in the first place. How about a cap on the ratio between the highest and the lowest paid employee in any organisation for a start? Boss wants a raise, everyone gets a raise.
Absolutely.
The problem is that we live in liberal-democracies [as in, a certain type of democracy] where systematic mass media bias and financial corruption of the political system are ingrained from the start. It's not merely coincidence that almost every country has ended up like this. It's the inevitable trend of capitalism, a system that rewards corruption and that can't be leashed without worker power.
The bottom line is that such reforms would be nice, and I support any viable effort at making them happen, but at the end of the day, we're asking the owning class to give themselves less money. And unless you have mass worker-class power to threaten them, their answer is going to be "no" with a dash of "protesting is now more illegal". Historically speaking, the owning class don't give up any serious concessions without going to violent war.