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.
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.