> The 1% are above any state. They will align with any state that gives them favorable tax loopholes. If America clamps down they will just leave. Look at Eduardo Saverin for example.

The ability for an individual to choose their favored tax jurisdiction is an artifact of law, and laws can be changed. If America decides to clamp down on the 1%, it can also create laws to disincentivize leaving for tax reasons, like Saverin did.

I think you mean .01%. The 1% maybe have 1-10million of savings.

And likely invest in assets that can't be moved to foreign soil.

Technicality: You're not referring to the 1%, but something like the .01% or even .001%. The difference between 1% and .01% income is staggering.