The Impossibility of Raising Taxes on High Earners

Biden's plan would raise more than $2 trillion by just raising taxes on high-income people in the United States. The federal government comes in and takes every additional dollar earned that high- income people earn over, say, $500,000. That 100% tax rate is implausible because we know that at a certain point people either move to another country or stop working altogether. If we want to pay for the government we have let alone the government that President Biden is proposing in his budget, ultimately taxes must go up on everyone.