Also - You are under the assumption that people are in the lower income brackets tend to stay there and that the only way that they will get access to any real wealth is by a central planner taking it away from a higher bracket group and giving it to them. In reality, most people in the lower income brackets don't stay there for long. The same is true for higher income earners as well, generally their earnings fluctuate and they drop out of the top earnings brackets all the time.
That is not a correct way of looking at it. The second that you attempt to start redistributed "newly created" wealth is the second that wealth that would have been created gets destroyed. Incentives telling someone that most of the wealth that you create through a new good or service is going to be takin away through taxation is just going to make someone not risk their saved capital at all. It's astounding to me that people can, after so many examples of societies either staying poor or turning poor because of an emphasis on redistribution, can honestly think that "better growth" comes from high taxation and redistribution. In the long run that is 100% always wrong. It's just so simple too. Think about if you were playing blackjack and the house rules stated that if you win, 60-90% of your winnings go to the rest of the table. I'm pretty sure you would not be risking any of your money under those rules.
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Also - You are under the assumption that people are in the lower income brackets tend to stay there and that the only way that they will get access to any real wealth is by a central planner taking it away from a higher bracket group and giving it to them. In reality, most people in the lower income brackets don't stay there for long. The same is true for higher income earners as well, generally their earnings fluctuate and they drop out of the top earnings brackets all the time.
That is not a correct way of looking at it. The second that you attempt to start redistributed "newly created" wealth is the second that wealth that would have been created gets destroyed. Incentives telling someone that most of the wealth that you create through a new good or service is going to be takin away through taxation is just going to make someone not risk their saved capital at all. It's astounding to me that people can, after so many examples of societies either staying poor or turning poor because of an emphasis on redistribution, can honestly think that "better growth" comes from high taxation and redistribution. In the long run that is 100% always wrong. It's just so simple too. Think about if you were playing blackjack and the house rules stated that if you win, 60-90% of your winnings go to the rest of the table. I'm pretty sure you would not be risking any of your money under those rules.