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Would you name a country where 1% is taxed @ 90%? and what exactly would it acomplish so a google eng. would suddenly have 30-40K after tax income with 2 mil mo
by qaq 8y ago
Would you name a country where 1% is taxed @ 90%? and what exactly would it acomplish so a google eng. would suddenly have 30-40K after tax income with 2 mil mortage that would really help make things right.
- PopsiclePete 8y agoGoogle engineers are not the top whatever-percent that needs to be taxed like that, no. It's mostly the idle billionaire class. Warren Buffet agrees with me, FWIW.
- rconti 8y agoMarginal tax rates on very high earners were 90% in the US. https://www.theblaze.com/contributions/the-myth-of-the-90-percent-tax-rate https://www.theblaze.com/contributions/the-myth-of-the-90-pe...
- abalone 8y agoThat exaggerates how much they’d be taxed, but generally speaking such governments provide more public services (eg health care, quality education) and also build housing. Even in the USA, HUD used to have a bigger budget than the department of defense.