The idea that you can simply tax wealthy people and corporations to get money works fine... as long as those entities don't find a way to hide their money, avoid the tax using influence with politicians and officials, or pass the tax along to consumers. In the real world, that's exactly what happens -- plus it destroys the only valid incentive for hard work. But taxing wealth works on paper, so obviously it's a perfect idea. Again, the only way to make it function in the real world is total government control, which ends with everyone (except the ruling class) being equally destitute and miserable.
The problem starts with the way college students, especially, are taught to examine a problem: by taking it out of context, disconnecting it from outside influences and consequences. If you tax entity A you will always generate X amount of revenue, on paper. But in the real world, every action has consequences and repercussions, everything is connected to everything else, and human nature cannot simply be left out of the equation. Entity A will hide his money in tax shelters, charge Entity B more for his goods, fire Entity C to save paying his salary, bribe Entity D and make campaign donations to Entity E's re-election campaign to avoid paying that tax out of his own pocket.
Real life is far more complicated than Liberals seem to comprehend. That's why their solutions to the problems we face are usually both simplistic and unrealistic. But they work on paper, so we're the stupid ones.
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