Here's an excellent video that explains why it's wrong to redistribute wealth by overtaxing the wealthy. Some college students started a petition to take grade points from students with the top 10% of grades and give those points to students with the worst grades. What do you think the response would be? "Wait a minute - I worked hard and sacrificed a lot for those grades!" QED Sorry for the fact that this video was made by someone making a political point. What matters more is the underlying principle: To spur entrepreneurial activity, we must give people a real incentive - and not threaten to steal what they earn. To allow someone to sacrifice their time and money, to forgo what others enjoy, and to assume a lot of risk, and then to steal the rewards of their efforts is just plain wrong.