Taxing wealth may be counter-productive. The way our economy should work is that you get rewarded for the wealth you generate. If you cannot store the value for

Taxing wealth may be counter-productive. The way our economy should work is that you get rewarded for the wealth you generate. If you cannot store the value for the things you've done, there would be no incentive to produce. A janitor working as a contractor may not have the chances the people in Kodak had back in the day. But at least he/she still gets to work a shift, gets paid for overtime. There is nothing stopping that person from pursuing their passion and create wealth. The reward of the wealth may be monetary or not. On the other hand, let's think about the "privileged" workers. The more you get paid, the less life you have. In our current state of capitalism, if the employer pays you a lot, he/she wants to own you and use you until nothing of you is left. The current system doesn't care about long term, it's all about the short term. The people who break are replaced, and because people break, the workload gets heavier. But there is an unlimited demand of new workers fresh out of school willing to work under the same conditions. The work starts in the morning at 9 am, you can't be late, but you can't leave until the work is done. You go home, sleep for a few hours and start again. Sometimes you work on weekends and you definitely take a laptop to your holiday (if you have one). If you work this hard, generate wealth and you know that if you stop working, all that you've endured would be for nothing, that would be inhumane.