[asabjorn]

> I would even be ok with 50%-100% tax rate above 100 million dollars net worth.

What is the rationale behind you think the bureaucrats with no skin-in-the-game would apply the money better than an entrepreneur and with more balance for society?

[kweingar]

Well for one, with an entrenched bureaucracy you don’t have to worry about how one man’s emotional state might affect your country’s space programs or satellite internet network.

[asabjorn]

Those buerocrats weren’t able to construct either on their own, and already ran one space program into the ground. Why do you think they will do better this this time?

Also, what makes you think the buerocrats making up the buericracies are any less emotional when given vast resources? Government is known for wasteful and irrational spending on things such as roads to nowhere