I sort of support this for billionaires, however I don't trust the gov't to handle my tax dollars with any amount of reason or efficiency. I also fear that in

I sort of support this for billionaires, however I don't trust the gov't to handle my tax dollars with any amount of reason or efficiency. I also fear that in time the definition of "rich" will be adjusted down as far as politically possible in essence ruining the reason for anyone to work hard or aspire to be better at anything... Also, there's nothing really stopping huge earners from just going somewhere else, some could view this plan as just another incentive for the rich to continue investing in ever more risky financial vehicles to sustain their wealth (ruining markets for anyone without an entire team of analysts gauging their investments) - or paying law firms to create new methods to obfuscate their wealth (which is already happening).