No. of Recommendations: 3
Oh, and by the way.
Washington State is about to run this very experiment!
On the ballot is an unConstitutional income tax on high earners. Because this state has uncontrolled spending and a democrat near supermajority in Olympia, the only solution to the budget crisis they created is Tax The Rich Man Behind the Tree.
Literally nobody believes that the tax will stop at millionaires, but that hasn't stopped them from lying about it.
Businesses and rich people are already packing up and leaving; wait until they don't raise what they need and drop that tax right down to the lower income levels. I can't wait for all the nose ringed baristas in Seattle to start praising Trump's No Tax on Tips because their regular income is getting taken.