A "punitive tax on interest income" is popular with the left because it is, on paper, very progressive and avoids taxing the poor. But in truth, I don't think people actually want fewer billionaires, they just don't want aristocratic billionaires.
It also doesn't help that it's so unclear what the money would be spent on.
[0] https://today.yougov.com/topics/politics/explore/public_figu... [1] https://today.yougov.com/topics/politics/explore/public_figu...