It’s possible that plutocrats are expressing solidarity with the struggling middle class as part of an effort to insulate themselves from confiscatory tax policies.
In its ruling, the council said that its rejection was made without examining “other grievances” against the tax, such as its possible “confiscatory character”.
For them, all taxes were confiscatory, paving the road to socialism; all regulations were a betrayal of free-market principles and the American way of life.