This well can be run dry very fast, when one talks about state level spending. And once dry, and once shown that all efforts lead to naught, is stays dry.
An example? I just work less, rather than pay more tax, and lose certain tax breaks.
Why would I toil more, only to make less per hour?
i want to tax the rich! yes, i do. lets take a reasonable share and deal with societies ill's.
let's not take all their money; just the excess that there is no reasonable chance that an individual could use it.
for example, you could raise my takes $100 a month and it would not be missed, or noticed. in Elon's case, $10M a month would be nothing.
https://www.diw.de/documents/publikationen/73/diw_01.c.57576...
afaik income tax is "progressive" in most nations but practically hyperbolic aka progressive in a way that is just barely true to the meaning of the word.
We had so much tax money that we used to build and maintain swimming pools even in tiny villages. These days, after they had to close for lack of tax base, we have record numbers of children drowning because they have no nearby and affordable place where they can learn to swim.
