It would definitely lead to a collapse, the country would lose big economic agents.

Not to mention a lot of tax revenue lost.

@Kylo Ren
should they be taxed 70 fucking percent? No
should they be taxed more than others? No
should they be taxed atall? No
Should anyone be taxed atall? No

but what if we made them stay?

Taxation is theft, abolish income and corporate tax

Maybe built a wall around the coasts

plANe

we have no-fly lists

just put all rich people on them

suIcIDE

kek

Sorry, I was using old data for current effective tax rate data

However, closing all tax loopholes and raising the top marginal tax rate to 70% are two different things.

well taxing is a necessary evil

nobody likes it but it has to happen

If there could be no taxes that would be optimal

Yeah but you can't not have taxes

it would be nice

but that can't happen

But taxes are what we all agree to pay in exchange for the services provided by the government and society

right

Unless you don’t agree

like libraries, roads, the military, police and such

In which case, you forfeit your right to participate in society by breaking its rules

Yes

Nobody agreed anything

there is no social contract

Although some taxes actually are helpful

It's more of a "don't pay you get taken away"

every citizen uses roads

every citizen uses police at least once

Like tax on cigarettes, which saves money overall by decreasing health problems

I mean

I mean it's not really helpful

Let’s say there’s a club

cigs have inelastic demand

you just make people lose more money

and hurt them more

In the club, there’s a sign that says “Club rules: Pay club dues to stay in the club”

Taxing cigarettes barely do anything, it should be up to consumer choice to do what they want.

And you join the club but don’t pay the dues