Terry McCrannhad an excellent column on this "super envy" just a few weeks ago.
To assume someone with $M1.5 or even $2 is "rich" as socialists invariably do, is nonsense.
Come another GFC and what happens:
. Most will simply ride the fall to the bottom, so their $1.5 or 2 halves invalue. Or
. If you are astute and sell off assets then you are landed with a whacking great capital gain possibly, and a large tax bill on CGT because of a one off black swan event.
It is woolly headed policy, devisedby a Party which cannot see a pile of cash without trying to steal some of it. Socialist thieves.
