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Let me tell you a little personal story of something that happened to me as a child back in the 60's.
I was with my father driving through a bad part of town. As I looked upon the despair, I turned to my father and said "I wish I had a million dollars." My father asked why? I said "So I could give it to these people so they could move out of here."
My father looked at me with a smile and said "Son, you could give each and every one of these people a million dollars, and in just a few years, they would be right back here in this neighborhood."
I didn't understand what he meant until I got older. But what he was telling me is that money doesn't solve poverty. In fact, books have been written on lottery winners where the money made their life a living hell.
That begs the question: If we could tax every millionaire at 90%, how would that help you? Of sure, it would give the government more money, but how would that help you?
The answer is it doesn't. If you give people money that aren't responsible enough to have that money, you could be doing them more harm than good.