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95% income tax would remove any incentive to go above and beyond and you end up with collapsing economy where everybody is doing the bare minimum. See Soviet ec
by storus 4mo ago
95% income tax would remove any incentive to go above and beyond and you end up with collapsing economy where everybody is doing the bare minimum. See Soviet economy outcome and tofu dreg buildings.
- deleted 4mo ago[deleted]
- voidUpdate 4mo ago95% over 20 million. Average Joe is never going to see 20 million in his life, so it's not exactly a concern for him. You can adjust the value as necessary to only apply to the top 1-2% or so. You can still have 20 million, and even more on top of that if you keep earning. Just most of that extra money will go back to society instead of being locked away inside a bank account forever
- storus 4mo ago20M is not sufficient to run a single LLM pretraining run these days. It's a stupid threshold.
- _DeadFred_ 4mo agoThere are plenty of hungry people with under 20 million dollars that will continue to start businesses.
- storus 4mo agoSubsistence agriculture is not going to help economy.
- bikelang 4mo agoOn the contrary - forced retirement may be a healthy prophylactic to those suffering from wealth addiction.