I think this argument is presuming that when someone is looking at an income of $1 billion per year, they will simply accept that fate and write a check to the US government. This sounds astoundingly unlikely, in my opinion.<p>This person who&#x27;s making $1 billion will simply put their money someplace else, they will figure out a way so that they need not claim it as income. They may push some of this money back into their company, perhaps raising the wages of some (or all) of their employees. They may form a new company to shelter this income and this new company may do something fabulously exciting and, thus, generate another shockingly large sum for this individual. Both of these sound okay to me.