The most fundamental thing to understand about economics is that it's all about recycling wealth. Imagine that every dollar you ever got was numbered in order of receiving it, and you have to spend each dollar in order of reception. This would illustrate a continual recycling pattern of every penny in the economy. When the amount recycled slows, the economy slows, and the effects are layoffs and reduced wages, etc.

The reason this is an important illustration is that you can now do the same with rich peoples money. You will then see that because rich people save more money than non-rich people, any money that goes to them has an aggregate slowing effect on the economy. Our economy is so bad simply because rich people have so much of the money borne of the economy, that it has slowed the recycling to the current pace. This is one of two main reasons why high taxes on the rich is the only way to run a successful economy. The other main reason high taxes on the rich are necessary is that it deletes capacity for corruption because there's no excess cash laying around. People can't bribe politicians when they don't have lots of extra money with which there aren't other things for them to buy.

A lot of people will then say that taxes are bad because it monopolizes the government, but that's not actually true. Government is only corrupted when it doesn't tax its corrupters. If you want government to suddenly start working very efficiently and for the people, you have to tell the rich that they owe the system that made them rich

Being frank about it, the real laws should be something along the lines of any income 5x above median is taxed at 100%. We're supposed to be fellow humans here, not wolves and lambs. When one person is rich, it's because other people are poor. Nobody has ever been able to deny this reality of economics