The effective tax rate is so disproportionate as to be obviously punitive. Relative to average earnings, it'd be equivalent to America imposing a social media t

The effective tax rate is so disproportionate as to be obviously punitive. Relative to average earnings, it'd be equivalent to America imposing a social media tax of $2,000 per year. It's clearly not a good-faith effort to raise revenues, but a de facto ban on social media.