Earlier quoted context omitted.
The cutoff I've seen for the 1% is $11M net worth. Is everyone poorer than that, "suffering"? What kind of world do you live in?
It's easy to throw around numbers without understanding the people behind them. Say the plumber whose business is worth $10 million dollars, pays himself $100k, and re-invests the rest back into his business and his employees. Is he rich? No. That's the problem with ideological socialism. You just want to stick it to the guy who is rich on paper - it has nothing to do with actually improving peoples lives.
Even if we can assume there is a single ten-millionaire working plumber (and really, that's far-fetched), such a person won't be harmed if all of the billionaires get trimmed back to her level.
[0] https://scholar.princeton.edu/sites/default/files/mgilens/fi...
[1] https://www.propublica.org/article/the-secret-irs-files-trov...