That may not currently be a problem, and as I'm not a psychic, it may never be a problem, but it's certainly more likely to happen from over-taxing the top 10-2

That may not currently be a problem, and as I'm not a psychic, it may never be a problem, but it's certainly more likely to happen from over-taxing the top 10-20%, and/or overtaxing businesses. History has examples of a nation trying to fix its financial woes through taxing the rich, and generally, the rich simply leave. Currently, Americans are renouncing their citizenship at record levels due to FATCA[1] and emigration from the US is at elevated levels since it spiked in 2009[2]. [1] - http://money.msn.com/now/post--more-americans-are-renouncing-their-citizenship http://money.msn.com/now/post--more-americans-are-renouncing... [2] - http://www.indexmundi.com/g/g.aspx?c=us&v=27 http://www.indexmundi.com/g/g.aspx?c=us&v=27