There are about 850 billionaires. Their total net worth is about $6.2 trillion. Confiscate it all if ”soaking the rich” is your solution.

That would pay down about 16% of the national debt. Of course, that capital is much needed by the rich folk’s businesses, banks, employees, shareholders, and others who benefit from funds staying in the private sector.

You say the “rich” don't deserve to keep more of what they earn by creating value for customers, employees, and shareholders. But you are forgetting about others who do benefit by keeping capital in the private sector where it can efficiently and effectively grow the economy.