People don’t like having their stuff stolen. Maybe that’s regrettable, but it’s a strong and universal preference that has important policy consequences!
That’s not some “piss away” tax. Besides, who are you to say how much money is too much for someone to have?
You are right though, who am I to say who has too much money? I am only a wage slave. I don't know how to manage millions let alone billions like God Emperor Zuck. Maybe it would be better if he had even more of my money and more of yours as well. Better yet, lets wind down the state medicaid program and allow him to keep more money under his name. That money to treat my neighbors would be better spent on Musk buying back meta stock, or maybe an even larger boat. Let's wind it all down. Save money not having to print any dollars and just wire it to Zuck and Trump and Lutnick and friends.
Nobody is stealing from billionaires.