When you share the wealth, it’s good for everyone.
This is incorrect.
When you spend money on goods/services that are worth money, it benefits the economy and everybody wins.
When you spend money on things that are not worth money, you’re just moving money around, not providing any benefit to the economy.
Here’s a simple example to demonstrate: Assume the fair price for an apple is $1. If I buy an apple from you for $1, we both win – I got an apple, and you got $1. However if I buy an apple from you for $100, you win and I lose – you got $100, and I got a bad deal on an apple.
Seattle has a $14 minimum wage. Some guy had a restaurant. When they passed a bill for the $15 minimum wage, he thought he would lose money. Turns out he opened another five.
I hope you don’t really think that passing that bill suddenly made this guy rich enough open five more restaurants.