33550336One more bailout bro
NatakuNoxMy favorite thing about dumb as free market / neoliberal dumb asses don’t understand is that nations that actually invest in their population will win in the long term. Taking the money and running, while pulling up the ladder behind you will always have this result. We were doomed the moment the tax rate dropped below 90% for the top 10% of income.
Default UsernameAnything short of 100% tax rate above ~$50 million isn’t enough, since with that 90% rate, the ultra wealthy were still able to buy the government.
infinitesunriseThat’s an intriguing thought. My kneejerk reaction was the desire to reply that a 99% max rate is enough because why put a hard cap on individual success. But after as moment’s thought I believe you’re right. 1% of billions of dollars is still more than enough wealth to snowball the accumulation of wealth and power over time in a manner that allows the most successful people in the system to pull the rug out from under that system. Without a hard cap, at best you just stave off that eventual erosion.