“Tax the rich” is no longer just an economic slogan. It’s become a moral escape hatch for the populist left — a convenient excuse to blame billionaires, landlords, and business owners for every personal or financial frustration. 

At the center of it all sits one word: “inequality.” It’s not just echoing in one city — it’s everywhere, but nowhere louder than in New York City, championed by politicians like Mayor Zohran Mamdani. 

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But like most attempts to “tax the rich,” it always fails. 

MAMDANI PROMISED TO TAX THE 1%. THEN 960,000 PEOPLE ENDED UP ON THE LIST

Because, first, government is hopeless at managing things — especially big government — and second, the burden always falls back on the middle class. 

But recently, it hasn’t just remained a political slogan — it has started to seep into actual policy. 

The problem with the argument is that it’s distorted, blurring the line between ideas and the reality of how taxing the rich will function. 

As tax lawyer Dan Neidle puts it in British activist and........

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