Solving NIMBY-ism and housing speculation would do much more for the poor than taxing the rich would. After all, you can't eat dollars.
And more dollars competing for the same goods would just drive inflation higher (the rich do not directly compete with the poor in buying things, other than potentially crowding them out of real estate investments - that is a legitimate societal problem. But so is NIMBY-ism - driven largely by the fact that racial covenants and crime-targeting became illegal in the 1960s-1990s). Although we haven't really come up with great alternatives (other than drive prices up because income tends to correlate inversely with propensity for crime).
Singapore-like enforcing of laws and harsh sentences could do it (the other low-crime countries are much more ethnically homogenous), but the trade-off there is much less freedom than in the U.S. - so it probably wouldn't be palatable here.
And more dollars competing for the same goods would just drive inflation higher (the rich do not directly compete with the poor in buying things, other than potentially crowding them out of real estate investments - that is a legitimate societal problem. But so is NIMBY-ism - driven largely by the fact that racial covenants and crime-targeting became illegal in the 1960s-1990s). Although we haven't really come up with great alternatives (other than drive prices up because income tends to correlate inversely with propensity for crime).
Singapore-like enforcing of laws and harsh sentences could do it (the other low-crime countries are much more ethnically homogenous), but the trade-off there is much less freedom than in the U.S. - so it probably wouldn't be palatable here.