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Anyone who thinks that an 80% tax on the rich is going to yield spectacular results should take a look at the whole host of countries following the communist ec
by digital_ins 11y ago
Anyone who thinks that an 80% tax on the rich is going to yield spectacular results should take a look at the whole host of countries following the communist economic model as well as the countries that adopted the non-explicit communist model (these include most of the countries in the 'Non-Aligned Movement') to see how heavily taxing the rich as well as trusting that the government is more efficient with capital allocation is working out.
It's not.