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.
on the flip side, it usually happens just before the aristocracy is strung up in the streets and flayed open to send a message.
that message?
“do not forget there are more of us than there are of you.”