Ah, now we get to a fundamental flaw in your argument, particularly about income tax rates. Before it is their money, it is our money.
Sorry, you have this backwards. Michael’s argument is not related to taxation. So, it’s a pre-tax argument where he sets limits on pre-tax earnings and pre-tax net worth. So, it’s never anything but “their money.”
You say in one sentence this is “economic slavery.”
Yes, if one decides to stay on the plantation and not escape.
In the next sentence you say, “ you can hear the money flying overseas into investment as you speak. Nobody keeps their money in a country where the government has more rights over it than its owner has.” Well, if they are free to take their business somewhere else, then it isn’t economic slavery, is it?
Semantics. You’re essentially arguing that slavery never existed in the US because the slave always had the option of escaping if they really wanted to.