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At the beginning of the 1970s, UK supertax stood at 83 percent with tax on unearned income at 98 percent.

However unlikely to come about, at least for now, an income cap for America’s wealthy is hardly that much of a stretch — in 1952, a 92 percent supertax almost got us there.

I quite like this tableau, the mystic bard shuffling sadly on to a plane, foregoing his ancient principle of opposing a supertax, as his agent prostrates himself on the ground for his lost 700 grand.

Earlier this decade, for instance, France’s socialist president gave up on a new 75 percent “supertax” on the very rich after it did little to close the budget deficit, according to Reuters.

The 75 percent “supertax” on the wealthy is gone, everyone is quick to remind me.