Who does the term "rich" apply to? How does one arrive at who is "rich" and who is not?
A person may have assets of $10 million dollars, but an income of $50k per year derived from dividends or what ever. Similarly a person may be a Director of a company or companies with assets of $50 million dollars and receives a fee of $50k per year.
A person may have a million dollars Super and pulls $50k per year as an income.
Do we demand that some body who busted his boiler working hard over the years to build his assets sell them off so he can pay more tax?
