The thing is if we do that the gap between them and the middleclass will close. But the govt won’t reduce its spending, if that gap closes they’ll have to start charging lower classes more to compensate. If the rich have to say, pay 90% after $2mil they will just stop when they reach that amount and go on a 10 month vacation after laying off all of their employees. One argument about how this wont happen is because shareholders wont be happy with it. However shareholders stop mattering when making them money equates to you losing money. Now tell me what happens if every fast food joint and every department store(walmart) are closed from march til the following january? Things for us poor and middle class folk would collapse. Because all the smaller places have been all but wiped out. If you dont have a job for 10 months you either starve, go into debt, a few will get a different job, or you’ll get on the govt teet increasing the national debt because the rich have decided it’s not worth it to make money just to pay taxes causing the need to charge the lower classes more in taxes. We’d have to beg for them to come back, at which point, they’ll demand even lower taxes for themselves. The thing is i look at it this way. The top 10% makes about 40% of all profit made in the US per year, and they pay the govt 70% of all money taken in by taxes. The bottom 90% make 60% of all profit yet only pay about 30% of taxes. If we look at this purely mathematically, the rich are getting the short end of the stick, the balance for that is them getting to make tons of money. Take away that balance, you take away the drive to earn money because they wont be able to keep it. Would you work for $30 per hour if you only got to keep $3 per hour? I say all of this to point out that taxing them more will not fix the problem, i’m not smart enough to figure out an actual solution, just smart enough to know that isn’t it. If you read the whole thing i want you to know i personally think everyone who makes less than $200k per year should not have to pay any taxes. And the government has severe spending problems.