Bad tax policy lead to all kinds of uneconomic tax avoidance strategies.
If you want less wealth, just tax it more. Make capitalism unwelcome and capital flees.
Obama hates the wealthy, so we will have less wealth in America. No growth opportunity under Socialism. Capital will look for countries moving away from Socialist tendencies: Low taxes, plus cheap labor draws capital.
High taxes, a lazy, poorly educated, overpaid work force and oppressive regulation will accelerate the flow of capital to high growth regions like Southeast Asia.
Broaden your horizons. America is in for a tough time.
MLevine.