Socialism has never turned out good.
Rich people are the engines of the economy.
Rich people own the factories, the banks, the entreprises.
By punishing rich people you will only hit the economy.
For example, I have 5 employees, if the minimum wage is raise, then I will have to close my business and then everyone will be unemployed.
Look, a 15 an hour minimum wage means I will have to pay 7 an hour extra for each employee I have. 7 x 40 hours/week x 4 weeks x 5 employees = 5,600.
I will not pay an EXTRA 5,600 dollars a month on employees, I will rather close my store.