I think that people who own a certain share of wealth should contribute a commensurate share to the society that creates the wealth and protects the value of that wealth.

If you go back to early feudal times, the Lord of the land owned the land but it was his responsibility to provide protection and food during lean time to his subjects. It was also the Lord’s responsibility to hold feasts and celebrations during holidays. Over time, that contract was broken and that created revolution.

If a group owns 95% of the wealth, it would be fair for that group to pay 95% of the taxes.