“Personally I would never trust a government with that kind of power.” Except that you do, and we did. The tax rate for millionaires in the 1940s was up in the 90% range. We managed to win WWII and have the biggest explosion of wealth the world has ever known. Today, the government can confiscate all you own, all of it, because of laws and regulations so-called conservatives (they're not) and so-called liberals (they're not) have put on the books.