&gt; Consider the author&#x27;s idea of levying an 80% tax on people who earn $1 billion a year. Chances are that anyone who is smart enough to earn $1 billion a year is smart enough to hire a small army of accountants&#x2F;tax attorneys to reduce her tax load. The relevant tax authority thus has to counter by hiring their own army of auditors&#x2F;tax accountants to enforce these sorts of tax laws.<p>If there was ever political will to tax the wealthy at such a rate, there would also be the political will to end the loopholes allowing people to avoid that rate, otherwise it would be pointless.