>If a billionaire is taxed 80% on the year he or she earns that billion, they will still be worth $200 million. And they are still free to start businesses and

>If a billionaire is taxed 80% on the year he or she earns that billion, they will still be worth $200 million. And they are still free to start businesses and pursue wealth. They are still rich. They have not been “hunted” or “killed.” The crux of your argument — that “Ending economic inequality would mean ending startups” — is both a straw man (no one’s advocating eliminating income inequality completely) and untrue (people can still pursue whatever they want — they just have to pay more taxes on it.) It sounds simple, but as remote work becomes easier it becomes more tempting to do it in another country (a country that won't tax that person $800,000,000). Pg addresses this issue in his essay "So if you made it impossible to get rich by creating wealth in your country, the ambitious people in your country would just leave and do it somewhere else."