There’s a very simple way to demonstrate that high taxes are a bad idea. Rich people have lots of money. The best thing possible for everyone else is that rich people spend that money. Every dollar spent by a rich person is a dollar that helps employ someone else. If buying a car, auto works are employed; if buying a suit, textile workers are employed; if buying a house, construction workers are employed; if buying a yacht, dock workers are employed.
The more government taxes someone, the less likely they are to put their money in places where it can be taxed. If they stop spending, the entire economy suffers. If government lowers their taxes, they will be more likely to spend their money, thus creating jobs for everyone else.
Call it trickle down economics. Call it Reaganomics. Or call it psychology. Whatever you call it, it works. Tax someone more, they’ll spend less; tax someone less, they’ll spend more. I’m better off when they spend more. Aren’t you?