I honestly don’t think there is a moral aspect to it, if someone sees one, it’s self delusion. I think they’ll SAY they’ll create jobs, with that money (rather than hoard it as Judi pointed out), but that’s folly because if no one has the money to buy the goods and services you produce with those new jobs, what’s the point? You’re better off investing it. I’d say they think investment drives the economy, but it’s not as if the majority of investors are the so-called “Angel Investors” who concentrate on investing in emergent technologies…most people with excess money will invest in more blue chips where they can earn big dividends, and have a say in the operations of a big company if the invest enough, so they can steer that ship in a direction that puts even more money in their pockets (often at the expense of jobs and benefits for the worker bees). So, I think they believe they control the purse strings and pay for everyone else’s survival with their superior skills and intellect, which is why we should give all the money to them. It’s self-delusion, nothing more.
And the problem is, it works on Joe Sixpack, because of the American Dream we’re all sold from an early age. If you work hard, you can be rich someday. People who have NO chance of being rich will buy that argument that hey, it’s not fair to just tax the hell out of the rich because I could be one of them some day.