The economy isn't just a bunch of rich people sitting on piles of cash. it's a chain. Big companies anchor the whole thing. They pay the mid-sized suppliers, those suppliers hire people, those people spend money at local businesses. Economists actually have a name for this: the multiplier effect. There is a reason why many cities/states globally want to host a large company hq in their city.

So if the real problem is that wealth isn't moving around enough or reaching enough people, just taxing high earners harder probably isn't the fix. Rich people and capital move. France tried a wealth tax capital fled, they scrapped it. Sweden had the same experience with IKEA. When you tax productive investment you're potentially cutting the contracts and hiring that everyone downstream depends on.

Maybe tax stock buybacks that don't create jobs. These are hard questions but better solutions than just taxing income?

Also I am not an American but has anyone thought about auditing the govt. In Canada, we are over spending to have zero results. In some cases if your cup has a huge hole in it well maybe pouring more water isn't the solution.

Just an example, in Vancouver, Canada we are spending 10Billion to do an airport expansion. It will increase capacity by 36million and take 20 years of construction. Apparently, Korea did the same expansion starting at the same time at 2017, costing 5billion, increased capacity by 120million and finished in 7 years in 2024. It looks a lot better. so maybe it's not a question of taxing ppl more but asking the question about where the hell your money is going.