What is this obsession people have with the taxation of billionaires?

There aren’t many billionaires. Expropriating all their wealth wouldn’t move the needle for any of our budgetary problems.

I’m all for closing the step up in basis on death, which is what allows billionaires (and of course only moderately rich folks) to avoid paying much tax over their full life cycle.

But LVT is a good idea, regardless of whether billionaires get some extra punishment for having the temerity to create successful businesses.