“Tax the rich, because blah blah blah and it will help the economy by yada yada yada…”
We should do a global search and replace on “tax” and replace with “punishment”. And replace all instances of “rich” with “investors and entrepreneurs”.
This will make it clear what will happen. If they incrementally raise taxes, then the marginal investment will not be made, and the marginal entrepreneur will not start a business. If our goal was only to maximize revenue, then we have to see that this will reduce revenues. If we care about jobs, then we have to be aware that this will slow down the rate of job creation. If we care about progress and the advancement of civilization, then we must acknowledge that this will slow it down.
And we should also care about the investor and entrepreneur, who don’t deserve to be sacrificed on the altar of envy and class warfare. Their livelihood and very existence should not be thrown under the bus by politicians or voters.