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It does not accomplish that though. If you want to limit concentration of powrr actually use the antitrust laws and break these oligopolists and monopolists up.
by snapplebobapple 2y ago
It does not accomplish that though. If you want to limit concentration of powrr actually use the antitrust laws and break these oligopolists and monopolists up. If you want to be fairrealizethat a dividend or capital gain was corporate income that was yaxed once already and to keep it equivalent to personal income it needs to be taxed substantially less when it becomes personal income (atleast up here in canada, fairness would involve cutting taxes on capital gains and dividends to makeit equivalent again).
if anything, this accomplishes theopposite of what you want because the aspiring rich will het taxed to death and the old money will avoid most of this, calcifying the rich and everyone else divide.