If you want a great recent example of this, look at Norway. Communists hate this one simple fact.
⚡️🇺🇸 NEW - David Sacks on California’s Billionaire Tax Act
“A wealth tax has been tried in many places at many times. It always backfires because whatever the tax benefit is that you get for the state, it's greatly outweighed by the economic depression that you get by the wealthy people, the job creators, the companies, leaving.”
https://blossom.primal.net/b34585dff269b5a9444c12cd53fbbccd62ab64f832847c8989213651293e7fa5.mp4
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