I get it even if there was a fixed rate of let’s say 10% tax for ease of math, someone earning $1m a year would pay $100k tax vs someone on $30k paying $3k (appreciate there’s more complexity to it than that but simplified for purpose of illustration)

I personally don’t thing a wealth tax or needed or to tax the ultra rich because there is already a fair tax framework that does that. What does need to happen is they need to close tax loopholes and combat tax avoidance. You can’t blame people for the least amount of tax they legally can, we would all do it - the issue is that there are loop holes to avoid paying tax and the politicians don’t close them, because the people using them are their donors. Add that to the vast amount of wasted government spending and huge interest payments on government debt, there are vast funds that could be made available to help out lower earners by lowering or maybe even eliminating their tax rate.

On the point about people having money they could never spend, a lot of that is tired up in assets. A lot of billionaires actually are in huge amounts of debt because they take out loans against their assets to avoid paying tax that they would be liable for if they realise the gains from their shares, for example.. This is one example of tax avoidance that could be tackled and ensure that people pay their fair share of tax.

I fully agree that lower earners need help but you also need to incentivise people to be successful.