I see, so instead of eliminating laws, taxes, fiat printing operations ran by central banks to increase new business formation by promoting higher savings rate in meaningful money you propose yet another level of oppression based system.
You know what is funny? The idea by the collectivist democrats (I am talking of people supporting democratic elections who also hold your ideas on the economy) thatyou can have so called 'progressive' income and wealth taxing system and yet you can have a 'one man one vote' voting system.
If you believe it you are naive. In a system where majority oppresses minority economically, (the lower income people mob together to impose higher taxes on the higher income people by using a voting process rigged by design to oppress minority by majority), the people who have the most to lose ( the 1%) will ensure that their position in the election process is at least equal to the overall tax percentage of the total that they are burdened with.
Graduated taxing leads to graduated voting. Your vote means very little in the system where you are in theajority positioned to steal from a minority.
The morality of: 99% votes to take the most from 1% is obvious for what it is - highway robbery. Under such circumstances any methods of fighting against this oppression are justified.
What should we do with the unwashed masses? Remove the chains of the government from their economic plight. Let people build new companies, let existing companies not be punished by government regulations by hiring more people.
The mob kills its own economy with the mob tactics, the mob cannot be allocated the same voting rights as those, who actually employ the vast majority of the mob.