Rich Tax Paradox
The inherent problem with raising taxes on the rich is that they can legally move enough of the business and the income overseas by just opening a business in Freedonia or somewhere, so in the end the local government can't tax it. Why do you think so many politicians have bank accounts in the Cayman Islands?
Tax the rich too high, it goes overseas. Tax the rich too low, the tax income drops.
Biting the hand that feeds IT
