It worked great under Reagan and under Coolidge.
The rich must be incentivized, not punished. When they are incentivizied, they do not hoard, but when they are, they will cling to their assets by sending them abroad rather than let the government take them—even most of those rich liberals who are on TV saying they want to be taxed more when they really don’t.
If they are not, we all suffer.
The government doesn’t create any new jobs. The free market does that.
It may be fun,

and neat to attack the rich, but in so doing the people who lose are the middle class.
But, if that’s what they want, then that is what they shall receive. And neither the poor nor the rich will feel sorry for them. The rich will be elsewhere in a more friendly, productive climate and the poor increasingly entitled will demand more.
And if people want to be poor so they can virtue-signal on-line for a short time before they are unable to pay their internet or smart phone bill, that’s fine too.