Quote from the piece: "The main objective of raising marginal tax rates on the rich is not to raise additional tax revenue, but rather to keep top compensation

Quote from the piece: "The main objective of raising marginal tax rates on the rich is not to raise additional tax revenue, but rather to keep top compensation under control and to curb the grabbing hand. In fact, the proposal that I am making--introducing a 80% marginal tax rate on all annual incomes in excess of €1m, leaving the rest of the tax system unchanged-would probably raise limited additional tax revenue...." That seems to be an admission that they're not trying to improve society overall, but just to keep the rich fettered. More commentary on the topic here: http://www.reason.com/blog/show/132843.html http://www.reason.com/blog/show/132843.html (sorry for replying to myself)