grteLet’s Set a Maximum Wage for the Rich | The Tyee
originaluciferyou dont need a max wage if you tax effectively. it would be 100% past a certain, massive amount.
How does that work when the super rich don’t pay any taxes to begin with? How do you tax wealth? How do you tax loans against shares?
in the united states, there were all kinds of 'wealth' taxes that prevented the loop holes. all that was systematically deleted over the last 60 years as conservatives decided 'me want money, fuck society'
Sir_Osis_of_LiverThe top marginal tax rate in the US peaked in 1951 at 92% on income in excess of $400k (joint filing two income), the equivalent of about $4.7M in today's money. That should come back.
whotookkarlThat or a general property tax to prioritize incredibly wealthy people to prevent grotesque capitalism mutants like billionaires instead of income tax which the working class primarily earns by. We’ve had them before under similar conditions before the income tax along with anti trust suits to break up monopolies.