> The key to effective taxation is to have many different kinds of tax so that there's no way for the rich to avoid paying any taxes at all by reorganizing thei

> The key to effective taxation is to have many different kinds of tax so that there's no way for the rich to avoid paying any taxes at all by reorganizing their financial affairs. Or just tax less to increase the wealth floor where avoiding it becomes useful thereby decreasing the number of people who do it thereby reducing the losses. You're basically reducing amplitude of the tax curve in order to capture a wider range. The billionaires may be stupid rich but there's so few of them they make up a negligible percent of public coffers. Nobody bothers registering their car out of state to save a $50 fee. Nobody bothers putting their house in a trust to save a couple thousand in taxes. Not hard to extrapolate from there.