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So true, but what are the consequences of a confiscatory tax system? The consequences are economic disaster. No one works hard, no one starts a business, the rich move out of country, no investment, etc. This is common in socialist/communist nations and will destroy the goose (USA) that lays golden eggs for all it's people. Liberals and progressives have no problem with confiscating property from the rich and could care less about the long term consequences. Also, the definition of rich to a progressive is anyone who has a job.
So true, but what are the consequences of a confiscatory tax system? The consequences are economic disaster. No one works hard, no one starts a business, the rich move out of country, no investment, etc. This is common in socialist/communist nations and will destroy the goose (USA) that lays golden eggs for all it's people.
Liberals and progressives have no problem with confiscating property from the rich and could care less about the long term consequences.
Also, the definition of rich to a progressive is anyone who has a job.