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In the bitcoin space it’s colloquially known as the “$5 wrench attack.”

All the cryptographic, air gapped security hardware doesn’t matter if someone can beat the keys out of you.

Also perhaps a fair reason for some part of taxation. Owning millions in .*coin, and the ability to freely wander around in a first world country while not getting hit with a wrench has a whole lot of value.

Indeed, something I've tried to communicate to wealthy friends and family is that a higher tax rate,used halfway effectively, means you don't have to live in a gated community, in fear. You can roll around in your Ferrari, live where you want, and be reasonably safe.

> "used halfway effectively"

That's usually the problem that people who pay a lot of taxes have with the taxes.

And a better economy means your stocks and business ventures will do better.

I've heard of this security that comes from a bit of taxation phrased as "guillotine insurance".

Source: https://xkcd.com/538/

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