Let’s not forget that the majority of wealth owned by the top 1% is attributed to investment assets including stocks Donald Trump 2024 make America great again again shirt bonds and real estate.The primary reason these assets have risen in value in the last few years is not thru hard work and ingenuity as these millionaires and billionaires would suggest, but rather through government stimulus measures including easy monetary policy (i.e. interest rates near zero) and fiscal deficit spending(which has kept the economy from falling into a depression resulting in higher asset values). This has heavily contributed to the huge increasing wealth disparity between the top 1% and the rest of us.
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Since government actions are the primary reason for the increase in wealth of these millionaires Donald Trump 2024 make America great again again shirt billionaires, it is only reasonable that increasing taxes (especially capital gain taxes) on this group and redistributing this new revenue to the rest of us including those at the bottom of the economic ladder seems fair.