Everyone has this false idea that the wealthy spend money.If they spent money like most of us think they wouldn’t be wealthy. In fact they get a lot of freebies from people trying to get their favor.We have to pay for our food ,travel ,or hotel rooms. They get them free as a perk.
The reason their rich is because they spend as least as possible not because they throw money around.It’s the middle class that spends way more money that drives the economy.That means if they where paid better the economy would be better.
Giving more money to the wealthy is just taking more money out of the economy so it sits there doing nothing,or ends up helping some foreign countries economy.