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> what level of income and/or wealth constitutes rich and how much should they be taxed? There doesn't need to be a crisp threshold. Progressive taxation witho
by dragonwriter 2y ago
> what level of income and/or wealth constitutes rich and how much should they be taxed?
There doesn't need to be a crisp threshold. Progressive taxation without treating labor income as more heavily taxed than generic income which in turn is more heavily taxed than capital gains would be a good start.
- CarolineRommer 2y agoThis! Serious economics papers are always about studying different progressive tax functions. Nobody cares about specific thresholds to separate "the rich" from the rest. It's a moot point because wealth is a continuous variable (approximately Pareto with tail index between 1 and 2, to be precise).