So where does it grow? In Swiss bank accounts? Please educate.
With wealth creation and very high taxes don't help that.
I wouldn't trust the government to spend my money better than myself in any case and this is why I believe that big governments don't work. With socialism, individuals don't have a lot of personal responsibilities, which makes them weak and parasitic.
Some aspects of socialism are good such as the safety net, universal health care and so on but too much of it is not good, especially for your government's deficit.
When you tax the rich too highly, they either get the fuck out or put their money even more in fiscal paradises than they already do. It just is counter productive.