So how do you propose we do that, by having Bill Gates and Elon Musk write checks to every American?
If you tax the wealthy, all you do is give more money to government. As history shows, they'll just waste it, especially if Democrats are running the show.
This discussion reminds me of Rush Limbaugh talking about when he was a child. When he didn't finish his dinner, his mother always told him there are children starving in China. After she said that one too many times, he replied by asking his mother if he finished his dinner, how would that help one starving Chinese child?
Tax the wealthy all you like, but you or I will never see one dime of it. All you'll really do is sate your hatred of the wealthy, and possibly crash the economy.
It also prevents the rich from accumulating too much cash. The rich are not suffering in any way. In addition, no one is talking about 60% tax rates. Most proposals would reinstate the top rate of 39%.