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Would you put in $100M effort & risk where you'd need a 4x return on investment just to break even? As I work to make my owns end meet, I'm quite aware of the
by ctdonath 11y ago
Would you put in $100M effort & risk where you'd need a 4x return on investment just to break even?
As I work to make my owns end meet, I'm quite aware of the consequences of having a ~50% tax rate, putting out $X00,000 effort just to net half that.
And yes, I'm quite aware of the technical errors in my presented math. This is a casual forum, not a peer-reviewed paper. What baffles me is how others here won't do the remedial math showing that a 100% tax rate on everything over $1M wouldn't come close to paying for what Bernie et al promise and those here expect as obvious (never mind the always-neglected effect high taxes have on high productivity).