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3 thoughts:
1. People in the upper 1% aren't there because they worked 400 hours per day. I agree that people who work long hours for normal wages shouldn't be penalized for it. But there are people who make orders of magnitude more than you without working -- because their money begets more money.
2. I would rather have a few people give up the chance to buy a fifth vacation home on Maui than have thousands of people give up the chance to provide shelter or enough food for their children.
3. Increased poverty leads to increased crime, including crime against those who are better off. Reduced poverty is in the best interest of all except the fortunate few who can afford 24-hour security and whatnot. Crime can also reduce the productivity of business.
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