• @[email protected]
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    31 year ago

    That takes something from being completely unreasonable to be understandable.

    Why would taxing a gross income of above a billion US$ by ~66% be “completely unreasonable”? Imo taxes for such incomes should generally be higher if anything.

    • @nogooduser
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      31 year ago

      Because that’s not how it works. It would be great if that was how it worked for all billionaires but it isn’t.

      Taxing 66% of the winnings of someone who was previously not wealthy is unreasonable if you don’t also tax other rich people at the same rate.

      • @[email protected]
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        11 year ago

        Yeah, obviously that should go for everyone. I realize it’s currently not very realistic in most countries, but I maintain that it would be reasonable. It’s also not without precedent, even the extremely capitalist US had top income taxes of above 90% from the mid-40s to the early 60s.

        Source: https://en.wikipedia.org/wiki/File:Historical_Income_Tax_Rates_and_brackets.png