AH, the Robin Hood effect! Maybe it worked in Medieval times, but has no place in a free society. Wealthy people are not the land barons of old, keeping people in peasantry to support their grand lifestyle.

What happens with all the wealth the 1% at the top have? MY GOSH, some stays in the banking system! Available to all the people in the lower percentages to borrow at a decent rate. Some start businesses that purchase good and services and higher employees who earn wages! Some goes into the stock and bond market so that other businesses can create JOBS!

Some people think that having a lot of money is evil and that it should be taken (taxed) away from them and given to others to make life "fair". The contrary is true. The money that runs our country comes FROM people with money, and taxing it away from them doesn't help lower income workers, it hurts them buy not having upper peoples wealth to borrow, or their employers to purchase supplies or businesses to create jobs.

Wealth redistribution is not he way to a wealthy society.