If the government instead keeps taxes high, the money will simply pay people not to work. We are all poorer as a result.
People often make this claim and similar claims - ie tax cuts for the rich create jobs and growth. These are empirical claims; you need evidence for them. I don't know about you, but I can't imagine being a billionaire and not deciding to invest in cool stuff because my tax rate went up 5 or 10 percentage points.
http://www.businessinsider.com/study-tax-cuts-dont-lead-to-g...
My claim is much milder. As a billionaire, basically everything you have is invested. If he has $100m less, then $100m less is invested.
Investment has a chance of benefiting me. Consumption by the leisure class (i.e., beneficiaries of government redistribution) does not. FlyinRyan is simply incorrect in his claims.
The kind of investment the billionaire is doing is zero-sum in nature and doesn't help anyone but them.
It's hilarious that you imagine some billionaire playing the stock market has more value to you than people spending money on products (that you could be making). The 80's called and asked for their misconceptions back.