The author fails to understand Socialist math— they will just tax whoever remains more to make up for it and stigmatize them as the “new rich”.
“they will just tax whoever remains more to make up for it and stigmatize them as the “new rich”.”
That is truly a race to the bottom. Targeting one group after another that produces, until you have nobody producing, no ‘start up revenue’ no ‘investments’ and no production. This is why ‘you run out of other peoples money’ and collapse.