Could a Government tax the Rich so high that the Rich end up with very little money left i

[aid632007]

Could a Government tax the Rich so high that the Rich end up with very little money left is this possible that Progressive Taxes on both income and savings could make the incomes equal ?

http://en.wikipedia.org/wiki/List_of_countries_by_income_equality

 

[Danke]

No.

 

[Sola_Fide]

Wut

 

[josh b]

Your post confuses me. Are you asking if the government could totally equalize everyone's income? In that case then yes they could. It would destroy society as we know it though due to a terrible misallocation of resources.

 

[Toureg89]

if they chose to stay.

 

[pcosmar]

Could a Government tax the Rich so high that the Rich end up with very little money left is this possible that Progressive Taxes on both income and savings could make the incomes equal ?

http://en.wikipedia.org/wiki/List_of_countries_by_income_equality

Yes, a horrible and unjust government could do that. That is the goal of Communism.

Do you support this idea?

 

[josh b]

Wut

A great description of my thoughts as well.