I've asked this before but never got a proper answer. What difference would it make if the rich paid more tax?
If the top 10% of richest people had to pay twice as much tax, they'd still be the top 10% richest people, they'd just have fewer zeros in their bank accounts. But there would still be the same number of yachts and Rolls Royces to go around, so the price of those would just come down. But still only the top 10% could afford them.
Similarly, if the bottom 10% of people now have more zeros because they pay less tax, there would still be the same amount of food and low-end luxury goods to go around, so the price of those would go up.
If the top 10% of richest people had to pay twice as much tax, they'd still be the top 10% richest people, they'd just have fewer zeros in their bank accounts. But there would still be the same number of yachts and Rolls Royces to go around, so the price of those would just come down. But still only the top 10% could afford them.
Similarly, if the bottom 10% of people now have more zeros because they pay less tax, there would still be the same amount of food and low-end luxury goods to go around, so the price of those would go up.