Rough/vague answers I've been given: - our democracy is not perfect, and allowing someone to become too wealthy affords them too much power, effectively disenf

Rough/vague answers I've been given: - our democracy is not perfect, and allowing someone to become too wealthy affords them too much power, effectively disenfranchinsing the masses. - Even if the floor is raising, its still too low and it would be better to squeeze those on the high side of the inequality in order to raise the floor even further. - the social cohesion thing from the other comment.