The anti-wealth rhetoric isn’t confined to Argentina’s dysfunctional democracy. Will’s father, Bill, who recently visited us down here in Buenos Aires, says the “war against capitalism” is a worldwide phenomenon.

Bill pays taxes in Britain, where part of his publishing business is based. But now those taxes are going up. Governments, of course, have to pay for their boneheaded bailouts and ‘stimulus’ packages somehow. And so like the Peronists down in Argentina, they target “the rich.”

The feds – both in Britain and back at home in America – have chosen an easy target… the rich!

In the public mind, ‘rich’ and ‘banker’ are inseparable. Like ‘corrupt’ and ‘politician.’ What’s more, the rich were at the scene of the crime when the financial crisis began. The rich were caught red-handed. It doesn’t matter if the ‘rich’ man earned his money from doing heart operations or selling vegetables. Every rich person is presumed guilty of the crime of the century. “Tax them!” screams the mob. Tax them! Tax them! Eat them.

And so, it will come to pass that ‘the rich’ are taxed. The money will be taken from them and given to… well… the rich. But these will be different rich people – bondholders… bankers… insiders… hustlers and anglers.