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> Imagine how much you would be upset if they decided to start taxing you extra because they thought you were doing too well. It's the ultimate definition of un
by zmmmmm 16y ago
> Imagine how much you would be upset if they decided to start taxing you extra because they thought you were doing too well. It's the ultimate definition of unfair.
Umm, have you ever noticed how people are actually taxed? It's called a "marginal" tax rate and it's a feature of just about every tax system in the world, precisely because it is considered a "fairer" system to have people who can afford to pay more share more of the tax burden.
One might even argue that the "super profits" tax is fairer than marginal tax rates because it takes account of the amount of capital you have deployed to achieve the result (to relate it back to people, if I have a family of 10 people to support I don't get a lower tax rate ... but a company with 10,000 people to achieve the same profit as one with 1000 people will get that taken into account).
- brc 16y agoI take it by those comments you've never actually invested any money? The number of people employed has zero to do with making decisions about investment returns. But that's been the problem all along - people with very little idea about how capital markets and mining investment works deciding they want some of the pie, and coming up with all types of justifications for it. I'm not talking about marginal rates - I'm talking about - hey you! You're making too much money, I want some of that! Here's an extra 40% tax for you - no consultation, no transition period, no questions asked. Would you defend this tax if it was applied to technology startups because they made too much money?