The rich in Europe and the U.S. are not just going to sit around to be fleeced by corrupt and incompetent governments. Being rich means you and your capital are mobile. There are many nice places on the globe where rich people and their money are well-treated.
http://www.washingtontimes.com/news/2012/may/7/farewell-to-european-superstate-373589602/
Even the politically connected should be able to figure this out - you can't really tax the rich, never mind the fact that if you did, it won't help since the spending vastly exceeds what could be taxed.
http://www.washingtontimes.com/news/2012/may/7/farewell-to-european-superstate-373589602/
Even the politically connected should be able to figure this out - you can't really tax the rich, never mind the fact that if you did, it won't help since the spending vastly exceeds what could be taxed.
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