The only reason to tax the rich is to create some level of income balance between the income classes. The other reason, which is largely an archaic one is to help reduce the budget deficit. Other than those objectives, taxation is always a hindrance to the economy.
The economy thrives on inflation. And whenever money is taken out of the system, whether it is through taxation or paying back loans, that creates deflation. And deflation is understood to be largely bad for the economy.
But I suppose the purpose of taxing class A wont reduce the money supply since it will go towards government spending for class B. In that case, its neither bad or good for the economy but simply a redistribution of wealth. We are not creating any new source of wealth through this spending. We are simply taking X from class A and redistributing it to class B. Thus the aggregate amount of money still remains the same.
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