>But 70% tax? Rich elites will cheerfully endorse it for its distraction and will conjure up some wailing to satisfy the vengeful, but most of them will simply avoid it and carry on. Just as Apple and all the other patriotic US companies hoarded billions abroad to avoid tax rates half that size. Those who fail to learn from history etc...

You're mixing Apple and rich elites.
I was for reducing the corporate rate and against reducing the marginal rate for individuals.
Individuals who inherit billions should be taxed at 90% on any inherited money over a specified amount.

We quickly fall into the trap of assuming that high individual rates will discourage entrepreneurs. The fact is that most of the wealth is not being accumulated by entrepreneurs. It's being accumulated by heirs and by financiers who contribute nothing.