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.
Careful now you are scaring tankies because they can’t go long without their delusions of getting to massacre everyone who disagrees with them.
tax all wealth above the nth percentile of the populations wealth