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by eloff 1853 days ago
I think actually this a valid concern. A billion dollars is a ridiculous level of wealth that no person should need.

But if you implement higher taxes at the to end, past what point do those people just leave, or leave on paper. There is an inflection point where the tax would actually do more harm than good. And nobody knows where it is. I'd like to see us get closer to it though, there is room to raise taxes on the very wealthy.

A bigger problem at that level is loopholes and compliance though.