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Not disagreeing, just curious. How much taxation is appropriate for the wealthy? When explicitly does the label of wealthy apply?
by wmccullough 9y ago
Not disagreeing, just curious. How much taxation is appropriate for the wealthy? When explicitly does the label of wealthy apply?
- guelo 9y agoWho knows. I'm sure there are many economics papers addressing the question. But it's somewhere before you get to the historic inequality levels of today https://fred.stlouisfed.org/series/GINIALLRF https://fred.stlouisfed.org/series/GINIALLRF
- thephyber 9y agoTo be fair, inequality levels were comparable in 1929, which falls outsize of the scope of that chart. Still historic by US standards, but not unprecedented.
- hetman 9y agoRather than a single cut-off you just scale this gradually so there is no single wealthy/not wealthy divide but an increasing expectation to carry social responsibility as your wealth increase.
- matt_wulfeck 9y agoYou’ve outlined our tax system as it exists today.
- matt_wulfeck 9y agoJust take it all and divide it up equally. Then when enough people start to run out, take it all and divide it again.