>One problem with very progressive taxation is you become dependent on relatively few people, possibly with their own income sources undiversified. If these peo

>One problem with very progressive taxation is you become dependent on relatively few people, possibly with their own income sources undiversified. If these people move, the stock market has a flat year, or the tech sector gets hit, that's a lot of money, even if 95% people in the state are still doing ok. Such as what happened to New Jersey when one person, David Tepper, moved to Florida.