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the pay cap is only for companies that take government money. Yes, it is. Reed Hastings' proposal is, however, not just for companies that take government mone
by gravitycop 18y ago
the pay cap is only for companies that take government money.
Yes, it is. Reed Hastings' proposal is, however, not just for companies that take government money.
Perhaps a starting place for "tax, not shame" would be creating a top federal marginal tax rate of 50 percent on all income above $1 million per year.
That isn't to imply that there are not healthier alternatives. Andrew W. Mellon advocated a flat income-tax rate of 10%: http://www.archive.org/stream/taxationthepeopl033026mbp/taxationthepeopl033026mbp_djvu.txt http://www.archive.org/stream/taxationthepeopl033026mbp/taxa...
the Government received substantially the same revenue from
high incomes with a 13% surtax as it received with a 65% surtax. It is not too much to hope that some day we may get back on a tax basis of 10%, the old Hebrew tithe, which
was always considered a fairly heavy tax.