3 ms·
$2m in Idaho is different to $2m in Silicon Valley. Why not just the top bracket of income tax at 100%?
by Baldbvrhunter 3y ago
$2m in Idaho is different to $2m in Silicon Valley.
Why not just the top bracket of income tax at 100%?
- shoubidouwah 3y agoTrue. I was not even thinking internationally - I defaulted to my french POV...
- mytailorisrich 3y agoFrom a French POV, experience has shown that punitive wealth taxes achieve only one thing and that is to make those who can afford it move abroad for tax purposes.
- austin-cheney 3y agoThat must not be a factor as it would only serve to wildly inflate already unequal cost of living disparities. The only way to fix poor or too expensive market conditions is an economic correction and those always hurt someone.