Millionaire tax! America only for now, so the rest of you millionaires in other coutries are safe!!!

[Lord N]

Kantor said:

You can't force the very wealthiest people to pay exorbitant tax rates, because they will just refuse. They'll move elsewhere, or hire yet more people to find loopholes.

I'm sorry, but this is bull.

First off, where are they going to go? Every other developed country on earth (as well as some of the underdeveloped countries) has far higher tax rates than the United States. Secondly, the rich had to pay a tax rate of 91% under Eisenhower, and before Reagan's tax cuts, it was 77%, and rich people certainly weren't leaving the country en masse.

This argument gets more ridiculous every time I see it.