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Because nobody actually "earns" that much, they plunder it through unfortunately-legal abuse.

TL,DR: Millionaires over something like 20 million dollars are unhealthy people, either by nature/nurture or by the inevitable corruption that isolating wealth causes. A good society would prevent that from happening, as that's bad for its citizens and dangerous for its stability. Individuals with nearly no accountability shouldn't have the power that comes with having 20+ million. Until everyone has 6 million dollars, no one should have 20+.

Full response: I think there's an amount of money that removes you from the experience of your neighbors, that isolates you from your community, and that gives you more power than should be allowable in a democracy. I think people lose their humanity after a certain dollar amount (and of course they have to - can you imagine having everything you could ever need or want taken care of for the rest of your life and your families life and then NOT giving away the excess to friends and family and your city and charity) and I also think some people who lost their humanity because of systemic issues pursue money and power infinitely. In both cases I think an ideal society, a good society, would prevent that accumulation from ever happening - it would limit the amount of wealth a person or entity can have relative to its peers.

Where is that line? My initial comment said hundred millionaires, but you asked about millionaires so let me perform my thought process for you.

I know billion dollars is too much. You shouldn't be able to count your wealth in the same units as small countries, that is wrong. If you can afford to rent a city or buy a government election or personally fund a NASA equivalent you have too much money and power.

I believe something like 6 million is fine. If you can make enough money to never have to work again, to provide for your family and pursue your dreams, I think that's probably healthy for society. In fact I think that's the goal for human society, to get to the point where everyone has everything they need and want satisfied so they can pursue whatever they're feeling.

So between 6 million or so and 1 billion I know there's a point where a person has too much money and every dollar of wealth should be taxed away. So let's double one and half the other.

12 million is enough to earn 600k a year on 5% interest. 360 on 3%. Both conservative values. I'd say that's at or approaching too much of a salary every year from doing nothing. Maybe that's fine but I've clearly become uncomfortable with it. At 600k a year I could kickstart any project I have ever wanted to do and just see which one's hit or miss. That's on the cusp of okay with me. So maybe my value is somewhere between 10 and 20 million.

500 million is enough to earn 25 million on 5%. That's definitively too much. If I could, by doing nothing, produce another person each year that I already think should be capped on wealth - I think that's too much power for an individual with little accountability. That money must be redistributed.

I think if I continued this I'd find that 250, 125, 62.5, 31.25 million are all way too much by my standard. So I want to tax every millionaire above 10-20 million out of existence for their safety and the safety of society and, because like housing or holiday potlucks, no one should get 2 houses/rounds/permanent-livable-wages before everyone gets 1.

But knowing that the education systems in the western world have systemically produced people who believe millionaires are cool and okay, and especially people who haven't thought about it long enough to form their own opinions on the matter, I tend to default to 100 million in online discourse because it is a number I think everyone can get behind.

Elect me your whatever and I guarantee to make everyone's lives better proportional to the power I'm given :D - starting with the just and healthy redistribution of wealth.