:yadontsay:
I just find it funny that there is no way to help the poor without making private wealth and the processes and incentives to acquire it punitive offenses. Are there really no better or other ways to help the poor accumulate wealth than punitive measures against the "1%"?
The main goal of high tax rate on the super rich is to reduce inequality and the concentration of wealth at the very top, this is not about generating revenue to help the poor (high taxation on the super rich doesn't generate enough money for that anyway).
In an uncontrolled free market the rich are just going to get richer, there are just really strong natural divergent forces that can only be counteracted by taxation (as it was in the US in the post war years) or a cataclysmic destruction of capital (as experienced in Europe during the 2 world wars), this is backed up by a whole lot of data, but I'm sure you can sense that it's generally right that making money is easier when you have money.
People who advocate such tax rates think that such high concentration of power and wealth in a small group of people is bad for the country, especially when we're dealing with dynastic amounts of money here (so you have a system that rewards people just just from coming out of the the right vagina) since they're able to wield unproportional amount of influence on our political system and since such divergence reduces social mobility which is bad both morally and practically.
I personally tend to agree with those people that such inequality is problematic, but at the same time, I think taxation is merely a band-aid on a much bigger problem.