2 ms·
>If we were to impose some cap on income (say $1B/year) would it suddenly be "exploitative" to charge any income tax? Maybe not at $1B/year (that marginal doll
by clavalle 11y ago
>If we were to impose some cap on income (say $1B/year) would it suddenly be "exploitative" to charge any income tax?
Maybe not at $1B/year (that marginal dollar is damn near infinitesimal at that point). But maybe if the cap was, say, $50K (or in that rough ballpark) a year characterizing income tax as exploitative could be a concept worthy of exploring. Especially if we are talking about taking 40% their usable income or more as the article is proposing for the poor assuming they are expecting them to work 8 hours a day.