@nitinkhanna when I have engaged in similar converstaions in the past I was told that I was wealthy and could not understand "normal people". I don't feel wealthy but compared to other I am wealthy. I guess it all depends on where the starting line for defining wealth lies.
FYI. The debate isn't about taxing profits. A wealth tax is about taxing holdings of assets i.e. all cash and non-cash assets, e.g. saving accounts, checking accounts, bonds, stocks, 401k, property, business holdings, etc.
I think there is an undercurrent of envy in the campaign against extremes of wealth.