You don’t even need to tax it at 80% because if you did billionaires would move elsewhere (see…
Mark Suster
28617

Doesn’t this speak to the case for increasing investment taxes then? Doesn’t have to be tons, just some, so that the wealthy (you?) pay a fair share. And, doesn’t this also speak to “closing the loopholes” for the uber wealthy to offshore their money?

As Rick Webb states, the wealthy (and the uber wealthy) will still be wealthy. Additionally, as the extra money goes to improved infrastructure, improved cities, improved education for all, the country improves, provides more people ready and able to create, start companies (if so minded), sell them to mega corporations, and provide more tax dollars to invest in the country.

Instead of a cycle of inequality, it just could start a cycle of prosperity in this country once again.

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