It's only logical when you view that wealth as a Scrooge Mcduck style vault of gold to raid, and are ignorant to the fact that it's almost entirely mark-to-market assets that have zero ability to buy food or pay for housing.
The middle class has the gold vault (well the closest thing), and that's where the redistribution would happen.
If you don't believe me, look at Europe. You can be a baker and make $35k yr, an SWE and make $65k yr, or a doctor and make $100k/yr.
You may say "Yeah, that's great, they live happy lives!"
But then convince American engineers they need to take a $140k paycut and the doctors a $220k paycut so that we can pay bakers $10k more a year. They'll just tell you the billionaires are the problem, and you'll believe them.
alt Hacker News
It's only logical when you view that wealth as a Scrooge Mcduck style vault of gold to raid, and are ignorant to the fact that it's almost entirely mark-to-market assets that have zero ability to buy food or pay for housing.
The middle class has the gold vault (well the closest thing), and that's where the redistribution would happen.
If you don't believe me, look at Europe. You can be a baker and make $35k yr, an SWE and make $65k yr, or a doctor and make $100k/yr.
You may say "Yeah, that's great, they live happy lives!"
But then convince American engineers they need to take a $140k paycut and the doctors a $220k paycut so that we can pay bakers $10k more a year. They'll just tell you the billionaires are the problem, and you'll believe them.