Earlier quoted context omitted.
> The upper classes, especially given a disproportionate percentage live in places like NYC and CA, are carrying EU-levels of tax burden already. And? They can afford more, and taxation is a way to reintroduce actual risk of financial ruin for the wealthy. If financial ruin is a good motivator for the rest of us, it should be for them, too. It's not about percentage, it's about the reality that taxation brings about…
It's very convenient to sign other people up to pay for your preferred government services and I'm sure your peers are willing to eagerly pat you on the back for your generosity, but ultimately even taxing the wealthy at 100% won't cover the deficit no matter how good it would make you feel. That's the "And". There's a reason nearly every developed nation has a VAT.
Other people sign me up to pay for their preferred government services all the time. It's called living in a civilization. And don't get me started on the retirees getting a slice of my labor because they have a piece of paper saying they own part of my company.
I'm under no illusion that taxing at 100% would cover the deficit. It'd probably mean a better financial picture for the government, though, and if this whole national debt thing is the existential threat that fiscal conservatives say it is, well, is any improvement not good?