Ok, you idiots, let's just see what happens when...God forbid...the tax rate for the S0oper Riiiiiich is 100%, and let's just assume that collecting those taxes will pay off the debt (insane and ridiculous, I know, but just for the sake of this point). This is what will inevitably happen:
A. All rich people will end up with little or no money. Any businesses they had will be finished, gone, kaput. That's a whole lot of economy that will never take place anymore. Many people will lose their jobs, and with far fewer businesses around, there's nowhere to find work. Hello Great Depression on steroids!
B. The debt may be paid, but will that stop the government from spending and running up a defit for next year? Nope. They will be in the red, and probably far worse than ever before because tax revenues will plummet to somewhere around the seventh circle of Hell.
C. Since the rich is no longer any rich people, who are you going to tax now? All of the money that's been collected has been blown on government programs, and since the rich have either fled to a nicer place like Siberia or have forfeit their money, there's no more taxes to be had.
D. All this will result in the government printing money like there's no tomorrow, because by this time, there won't be.
E. Robert Mugabe gets jealous and Stalin dances with glee.