[charlesdm]

> Which means you have to accept nominal tax rates of 48%+.

Except, you actually don’t. You are always free to move to a country with a lower (or a higher) tax rate, for whatever reason.

If someone wants to go live in Monaco, and not pay anything, that’s his/her right. There is never a debt, in the true sense of the word.

[kuschku]

Well, nice for quoting half of my sentence.

If you want that the next generation has the same opportunities, then you need those taxes.

Without them, you won’t be able to provide intelligent and engaged children (no matter their family’s wealth) with quality education.

[charlesdm]

Yes, absolutely. I totally agree we need taxes for the next generation. I just don't believe 48%+ taxes are ever paid by the truly wealthy, only the middle class.

Most wealthy people (people with net worths in the tens of millions and up) pay rates closer to zero, by using every trick in the book. Or well, their advisors do it for them. At most, they will pay the capital gains tax rate.

> Without them, you won’t be able to provide intelligent and engaged children (no matter their family’s wealth) with quality education.

Wealth does give you the freedom to send your children to the best schools in the world, regardless of the country you live in. But obviously, that's an extremely selfish view.