One argument I would make is that it's a LOT easier to just move to another european country and you are still very close to your home country. Capital flight

One argument I would make is that it's a LOT easier to just move to another european country and you are still very close to your home country. Capital flight in the US is logistically much more difficult than in europe I would imagine. >"are billionaires bad for the rest of us?" That is the premise of a wealth tax, at least the currently popular one. I don't think that's very accurate.. the wealth tax is saying "billionaires have so much excess money that they should be contributing on another layer than the rest of the population". While you can ALSO say "there should be no billionaires / they are bad", that is not what the wealth tax does.