People respond to incentives. If you penalise savings and investment, you get less savings and investment, which in the long run makes everybody poorer. The fa

People respond to incentives. If you penalise savings and investment, you get less savings and investment, which in the long run makes everybody poorer. The fact is that a good chunk of the population is terrible at impulse control and will just spend however much they have, regardless of what they earn. If you take money from investors and give it to these people, they'll just consume it all. Like how the majority of lottery winners end up blowing through all their money.