The vast majority of wealth is stored in abstract things like stocks and bonds, not possessions stored in a bunker somewhere. To pay high taxes, that means liq

The vast majority of wealth is stored in abstract things like stocks and bonds, not possessions stored in a bunker somewhere. To pay high taxes, that means liquidating those stocks and bonds (or in the case of income taxes, never buying them in the first place). That limits the financing that corporations can get, preventing expansion or causing them to downsize. In other words, taxing the rich actually takes from corporations. Maybe that's the goal, but it has consequences, like job losses, greater dependence on foreign investment and imports, etc.