As long as we have a progressive taxation system, the solution you described is literally wealth redistribution, taking wealth from one source and putting it in another. It's a valuable function of government for maintaining a healthy economy. The question is by how much.

> The right needs to stop thinking that Nancy Pelosi is speaking for the left.

Isn't she House Minority Leader of the largest left party? Or at least, the leftmost large party? I feel like that's a reasonable assumption.