It's dead and for good reason.

What would happen to a company like Amazon or Tesla?  Jeff Bezos and Elon Musk would probably stop investing their own money and stop innovating.  Think about what happens to the millions of people those two alone employ, and not just Amazon and Tesla, look at Space X and Blue Origin.  All of that would fold pretty rapidly.

The problem with the modern democrat party is that they want to tax the "millionaires and billionaires" because of jealousy.  It has nothing to do with revenue for the government, they want to penalize success and re-distribute it to failure.

The democrat party has turned to socialism/communism which is based in jealousy and greed.  Some people welcome the "tax the rich" rhetoric for those two reasons.  Some (ignorant) people think that wealth is better handled by government rather than those that created and earned it.

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