Hmm, unfortunately, redistribution of wealth has some dire economic consequences.
First of all, the rich are very good at hiding their assets, so good luck trying to steal their money when it's on offshore bank accounts or tied up into physical assets (or perhaps some even tied to bitcoin). Second of all, the best way to make a rich person flee a country (therefore no contribution to the tax pool) is to massively raise their taxes. You see this on an individual level in the United States because each state has discretion on their local tax rates. In fact, the way the US works, even municipalities can create their own tax rate. But what you end up with is the rich leaving highly taxed states for states with lower tax rates. In Europe where the entire country has the same effective tax rate, as I mentioned before, the rich will just shove their assets offshore.
And they do it because they can, someone that belongs to the middle class cannot simply grab his possessions and leave, a great deal of his net worth is in his house which means that for the most part he cannot leave, besides those in the middle class still depend on their jobs which require them to show up at a time and a place, the rich do not have these limitation and when we take into account their superior resources this means that whenever they think the tax rate is being increased indiscriminately then they will just leave. First of all, the rich are very good at hiding their assets, so good luck trying to steal their money when it's on offshore bank accounts or tied up into physical assets (or perhaps some even tied to bitcoin). Second of all, the best way to make a rich person flee a country (therefore no contribution to the tax pool) is to massively raise their taxes. You see this on an individual level in the United States because each state has discretion on their local tax rates. In fact, the way the US works, even municipalities can create their own tax rate. But what you end up with is the rich leaving highly taxed states for states with lower tax rates. In Europe where the entire country has the same effective tax rate, as I mentioned before, the rich will just shove their assets offshore.
Let's not forget that with a progressive tax system, the level of taxes is proportional to the level of income, and if a person earns not so much, then accordingly not so much and loses from the level of taxes and vice versa can even receive social assistance from the state. A much larger part of the population moves to other regions of the country or even to another country not because of the level of taxes, but because of higher earnings.
