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The answer is likely quite simple. Because allowing for one idea would lead into another. 70% tax is a start. Not the end. The idea is to find where the "exce
by flavmartins 8y ago
The answer is likely quite simple.
Because allowing for one idea would lead into another.
70% tax is a start. Not the end. The idea is to find where the "excess" income is taking place and add additional taxes in that area to direct the income into investment and services.
70% may be a start at ordinary income. But does it apply to investments? And then what's next?
I think the key question for Dell and others is: can you show proof that the current approach of lower taxes boost the average individual income of workers? Because right now we're seeing great numbers from Wall Street, but wages are still virtually flat year over year. How does the Dow continue to climb but workers' pay stay the same?
- chrisco255 8y agoWage growth is not flat: https://www.bls.gov/news.release/pdf/realer.pdf https://www.bls.gov/news.release/pdf/realer.pdf https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3point1percent-highest-level-in-a-decade.html https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3... https://www.bbc.com/news/business-45448323 https://www.bbc.com/news/business-45448323
- CalChris 8y agoAdjusted for inflation, pretty flat: https://fred.stlouisfed.org/graph/?g=l7U1 https://fred.stlouisfed.org/graph/?g=l7U1
- chrisco255 8y agoWay to end the graph in July 2018...extend the graph out to the edge and you see the wages start to rise again. And as long as unemployment stays low, we should expect wages to continue to rise.