[logfromblammo]

That is exactly the class of people that would complain if everyone else got 3 times as much pie this year as last year, but their slice was only twice as big--ignoring that they ate 80% of the entire available quantity of all pies last year.

They deserve all that pie~ It wouldn't be fair if they got less (to them, a lesser rate of increase is less--same as in government budget proposals)~ Without them, no one would even have any pie~ So they fund politicians to vote against proposals that would result in more pie for everyone.

It wouldn't be an actual blow to the wealthy, who would still get objectively more stuff, but it is a significant psychological injury to someone who may measure their self-worth relative to other people. If they can only buy everything you have ever owned 500 times, rather than 1000 times, they feel less rich, even if you have 3 times as much stuff as you had before.

By my perception, the more wealth you have, the more likely you are to measure its worth relatively rather than absolutely. Small-time investors own $X in stock. Big-time investors own Y% of the company. Small-time workers earn $X per year. Big-time workers earn $X plus Y% of company profits. People from opposite ends of the wealth spectrum don't even calculate with the same math.