It’s worth remembering that there was a time when the highest US tax bracket was taxed at 90%, and that didn’t stop the US’s longest period of sustained economic growth.
Ridiculously high tax rates for ridiculously high incomes have been done before and are entirely feasible.
Billionaires should not exist
Step 1: Tax all wealth above 999 Million at 100% taxrate
Step 2: Congrats, no more billionaires! 🎆🎇🎉🎊
It’s worth remembering that there was a time when the highest US tax bracket was taxed at 90%, and that didn’t stop the US’s longest period of sustained economic growth.
Ridiculously high tax rates for ridiculously high incomes have been done before and are entirely feasible.