Attila.Iskander wrote:

Not to mention that when the taxes reach the point of being onerous,
the rich, can move their wealth to various shelters and thus avoid
paying all those now-inapplicable taxes.
WE only have to look at Euro countries which have incredible onerous
taxes on the rich, and where tax avoidance is endemic to the point
that countries are going bankrupt for lack of tax collection.

We don't have to look that far. Think California or New York.

The Wall Street Journal had an opinion piece a while back from a fellow who
moved from New York to Florida and saved $13,000 in taxes. Oh, that saving
was $13,000 per DAY.

I understand Rush Limbaugh likewise moved from New York to Florida, probably
for the same reason.