The harder the government squeezes, the more wealth the productive class will hide. If really wealthy will offshore first their wealth, then themselves.Which caused me to reply:
From the government’s point of view the money disappears into the 4th dimension – can’t track it, can’t benefit from it. From the Man’s perspective ‘going galt’ and ‘playing hide the money’ have the same affect.
I will point out that we have an “income tax” and not a “wealth tax”.
Also that “the productive class” and “the wealthy class” are not synonymous. The Kennedys, for example, are very wealthy, and yet produce little except red tape and dead drunks, neither of which trade very well in a free market.