Oh, my poor little mentally-retarded DUmmie, that "One percent" is really based on tax returns, which for all intents and purposes means each taxpaying household is one tick on the list; that means there are a lot less than three million of them for that reason alone. At the same time, on the other end of your fallacious calculation, the total number of taxpaying households from which that one percent is derived is a whole lot less than the total population of the US. Considering both of those things, and counting every household that filed solely to get some refundable credit or other kind of transfer payment tax welfare stolen from higher earners but who actually contribute no net revenue to the US, the universe of all household returns is going to come in well under 100 million.
On top of that, a lot of those people with a supposed really high net worth have their wealth sheltered in various ways, ranging from foundations like the Ford and Gates families have (Even Fat Mikey the Commie Attention Whore has his stuffed in a foundational pillowcase to keep the hands of his fellow Commies off of it), to trusts, to simply having their big-ticket property so heavily financed that they have very little equity to seize. After hiding their loot from their fellow Leftists, most of them are of course Democrat stalwarts, which just goes to show something about self-delusion and blatant hypocrisy not standing in the way of gaining great wealth. While I'm pretty ambivalent about what happens to lowlifes in high places, I'll go with the general idea of people being secure in their homes and possessions from the arbitrary acts of a despotic and arbitrary government.
So, really, you're talking about confiscating ALL their wealth and then some, while we're still generating over a trillion a year more in new debt under President Mocha Cappuccino. Now on top of that new annual debt generation, also considering what percentage of the annual tax revenues comes from this same bunch of people, the dangling carrot of excusing them from annual taxes after the confiscation sounds like a disastrously impossible idea.
So, sorry, but your solution is a complete math FAIL...so you have a pretty good chance of becoming the Tax Solutions Czar and Fiscal Policy Idea Guy for Obama's second term, if you can prove you've cheated on your taxes ineptly enough that the IRS caught you at it within the last five years.
