To some extent, it does. At the same time, the benefits to the lower classes are nowhere in proportion to the runaway wealth effect -- resulting in an elitist class -- accrued by the upper 1%, who, incidentally, escape most taxes. That's why the Catholic perspective on economics has always been one of moderation, not ideology on either side.
You mean this? 40% of the wealthy pay 100% of the taxes?
That’s extremely silly. What left-wing rag did you hear about this “runaway wealth” effect in? Ask some lottery winners and Hollywood stars about that one. There have been plenty who made millions and lost it all due to poor management. In a capitalist society, your class is what you make of it. New people become millionaires every day. You’re not stuck anywhere and there is no such thing as a “wealth effect” that puts you in a lower class. If anything, rich people help give poor people a chance at upward mobility by investing their money and making startup capital available to entrepreneurs.