>Once you put that money into the economy it will flow all around it and most of the money will end up in the same place again. I.e in the bank account of Zuckerberg and it can be taxed again.
Money is not value, it's a proxy for value. By taxing capital and using it on handouts, you're essentially burning that value; it's like a farmer eating all their seeds rather than saving some for the next year's crop.
"By taxing capital and using it on handouts, you're essentially burning that value; "
If you tax the money from Zuckerber and give it out as "handouts" as you say, what do you think happens to the money?
You think it just disappears?
What happens that every $ that is given out to people who need it will use the money to buy things they need, their food, energy, their utilities etc. This consumption and the flow of money is exactly what lubricates the economic machinery and creates new growth.
When people have money to spend there are new things and services to build and sell!
If you deprive people from money, how do you create business when nobody can afford to buy whatever it is that you're making?
Henry Ford already knew this that if people don't have money to buy his cars he has no business!
Money is not value, it's a proxy for value. By taxing capital and using it on handouts, you're essentially burning that value; it's like a farmer eating all their seeds rather than saving some for the next year's crop.