If all the money ends up in hands of billionaires and their corporations and there will be no money in hands of regular plebs…
Who do you think will have to pay the taxes?
Also, the people would figure out a different way of trading or currency. And with that one getting taxed, all the billionaire’s money become worthless.


We had that before. It was called feudalism and it was terrible. One day, the people got pissed off enough to cut off a few heads. A golden age ensued for a couple hundred years.