I would tax folks under $75k at 1%, so they were still tossing in half a week's paycheck… and felt like they were part of the American process.
… but Jeff is correct overall, let the bottom half of earners spend their money and crank the progressive taxation system one or two more turns
Also, it wouldn’t hurt anyone to increase our federal minimum wage by a meager $1 a year for seven years — didn’t do any harm in Australia, the Nordics and New Zealand
Much better proposals than @RoKhanna and @BernieSanders’ wealth seizure taxes