> Increasing taxes will cause a mass exodus leaving the Governments in a bad shape. [..] Holders will just migrate to a [different] country Yeah, when the US i

> Increasing taxes will cause a mass exodus leaving the Governments in a bad shape. [..] Holders will just migrate to a [different] country Yeah, when the US increases taxes on me, I'll just move to Korea. Oh, what's that, it takes a minimum of 5 years and learning the language to get a citizenship? And I still have to pay the IRS in USD in the meanwhile since they're still taxing me until I revoke my US citizenship (which I can't until I get a korean one in 5 years). Not to mention I left behind my family and friends, many of whom can't emigrate due to not qualifying for a work visa or other category. My point here is that the free market does not apply to governments as you imply it might. Consumers can vote with their wallet for things like different brands of food and other commodity goods, but people can't change citizenships easily. People can't vote on their favorite country easily due to massive social effects and how limited immigration is. There are far more people who live in a country where they think their government is worse than another one, and yet don't move, than there are people who do change countries for such a reason.