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People wouldn't bother making more than $10M if the tax jumped to 100%. You could take every dollar from the most obscenely rich in the US and you could only a
by _heimdall 2y ago
People wouldn't bother making more than $10M if the tax jumped to 100%.
You could take every dollar from the most obscenely rich in the US and you could only afford to find the US government for 6 months. We simply spend too much to fix it by taxing the rich to death.
- michaelmrose 2y agoBasically they would do the value creating activities of worth because even the most worthy and valuable value creating activities now cost less than 10M. The exchanges of value over 10M to an individuals can most apply be characterized as the individual looting society for their profit.