There are many people who would agree with your argument that taxation is extortion.

There is that of course. That is also the reason why they leave and take their money with them.

If you fully want to renounce US citizenship, sure. You'll pay a hefty exit tax in doing so.

You can already do this, though. Monaco exists. That folks like Bezos, Musk, and Gates stick around in the US indicates some intangible benefits here that justify paying some tax.

Keep mentioning guillotines and you'll see how quickly those benefits disappear.

I mean carrots, not sticks.

People would be happy to pay 100% in tax to avoid guillotine but how much of a prosperous and productive society can be built with this approach?

To-may-to, to-mah-to.

The carrot is "you get to live in a prosperous, stable society made possible in part by your contributions via taxes".

The stick is what happens when you don't.

>> The carrot is "you get to live in a prosperous, stable society made possible in part by your contributions via taxes".

The reality is that wealthy person can choose both (live where he wants and keep money safe from tax robbery) and poor can neither.

Inequality is brought by high taxation and not by filthy rich who refuses to obey government stupid policies.