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Alright Mr/Ms IRS person, please do explain what does and doesn't qualify as 'income'...
Their wealth didn't just appear out of nowhere.
Most rich people are rich because their parents were rich. You can do a death tax, but that doesn't solve the problem because they'll continue to unfairly hoard that wealth for the rest of their life
Indeed, most of the billionaires were born with a silver spoon up their ass. But their parents were only millionaires, there's no way that their offspring accumulated billions without income.
3 billion dollars is three thousand million dollars. That's enough to hoard for generations without being taxed.
Or that money could be taken and used to end homelessness and provide services to pull families out of intergenerational poverty caused by the crimes committed by billionaire families
They aren't only using the value of their assets. Their assets grow there are dividends, there are payouts.
There's income. They don't have their money in checking account with no interest paid.