[mc32]

It depends it may have an analogue in the evaporative cooling effect in the tax and investment base.

If the state goes too far, those with wealth may take their wealth and invest in in friendlier investment climates where their home country suffers from wealth drain and potentially could end up as country versions of Detroit (or maybe like VZ where as the state confiscated property investment dried up).

[spwa4]

The problem is that these taxes, like every other tax, will soon apply to the middle class (who have the real wealth), and they very much will leave. Either physically leave, or they will leave like they do in a lot of European countries: find some excuse to first become long-term ill, then go onto unemployment. And obviously the state cannot stop this. You want to do this? There's nothing the state can do about it (other than seriously lower pensions, unemployment and medical insurance)

There are articles about UK families that have been doing this for 5 generations. The entire family.

The problem is not money. There are far less working-age people, and it'll keep dropping for 25 years minimum. Which means the only solution is people working more, for someone else. A little bit more every year, for now without any visible end. Either that will happen, or the state (including elderly care) will have to shrink instead.

Pick your poison. And, of course, every electorate is saying "NONE OF THE ABOVE". Okay ...