Taxing the money that moves - as it is earned - will only produce so much revenue. The rich need to be taxed, not beccause it will allow lots of lovely spending, because the gov will inevitably do a bad job of spending it. Though you could put it towards debt reduction first.
You have to tax the money that doesn't move. The millions of unneeded unspent $ that the rich are sitting on, with a wealth tax. You may not even make the poor richer, but you will make the rich poorer. Good.
Right. It's all of our money, because we all share the same society. Sorry, "it's mine, all mine" doesn't cut it outside an Ayn Rand fantasy novel or a Ron Paul forum.
That might have worked in the 1910s when the vast majority of people worked up to the day that they died. In the 2010s we have a concept of "retirement"; and in order for people to practice it, they need to save money while they're working.
The government does that already by printing more money. The more money printed the less valuable your $10K. Better to keep money on assets that do not devalue with inflation.
You have to tax the money that doesn't move. The millions of unneeded unspent $ that the rich are sitting on, with a wealth tax. You may not even make the poor richer, but you will make the rich poorer. Good.