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<p>On the other hand, if you strip away the attacks on the 0.1%ers themselves and look at the general socioeconomic trends where the 0.1%ers are capturing most of the gains from economic growth, the 99.9%ers are stagnating economically, and (most importantly) economic mobility is declining, the trends are not ones which predict an optimistic future for the country, even if you are a 0.1%er. (And the focus on cutting the estate tax in the early 2000s was misguided in this respect – why did it seem that politicians were so focused on preserving inherited wealth rather than trying to make a better environment for people to work their way up?)</p>
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<p>That is presumably something that everyone agrees with in principle, but eliminating a loophole, deduction, or credit for some special interest will result in significant lobbying from that special interest. It is no surprise that politicians have no incentive to clean up the tax code.</p>