As with anything else, the answer is to "raise everyone up", not "pull those down who have obtained something". And for the record, I am OK with taxing those with higher incomes at a higher rate. What I'm not OK with is the quite literally insane concept of "take all that money in one tax year", or "make sure no one can ever stay wealthy".
The absurd notion of "if you have more than $x, we'll take it ALL!" is pure socialism, lacks any idea of how monetary systems work, how taxation works, and how much value doing that brings.
For example, if you took every billionaire's liquid cash in the US, you'd barely notice it at the federal level, and then next year? There's be nothing to take.
This is primarily because to 'take that billionaire's net worth!!', you'd have to take ownership of a massive amount of stocks, commodities, and so on. Let's say billionaire G owns 70% of Big Corp H, and that ownership is worth $2B.
Great. So you 'tax' it. So how does that work?
Does the billionaire have to sell if off, and give cash? How does that happen? Remember, all other wealthy people are having their fortunes stripped, so who do you even sell it to?
And if you just hand over the shares to the government, what are they going to do with it? Sell it? To whom? No one has large amounts of disposable cash now, it's all been taken!
None of these weirdo comments about "fuck people with $10 in their pocket!" make sense.
