3 ms·
> If you do it by taxing the rich, you wind up hobbling and punishing your most productive citizens. Won't someone think of the poor billionaires. https://www
by schwartzworld 3y ago
> If you do it by taxing the rich, you wind up hobbling and punishing your most productive citizens.
Won't someone think of the poor billionaires.
https://www.whitehouse.gov/cea/written-materials/2021/09/23/what-is-the-average-federal-individual-income-tax-rate-on-the-wealthiest-americans/ https://www.whitehouse.gov/cea/written-materials/2021/09/23/...
The richest families in the world pay 8% income tax. To pick a random rich guy, Bill gates makes $98M/year. You could literally tax him 90% and he'd still be making more per year than most Americans make in their lives.
> Instead, we should foster competition, incentivize innovation, and let markets do their thing
Tell me Atlas Shrugged is your favorite book without telling me Atlas Shrugged is your favorite book.